EV startup Lucid Motors gets $6M state grant for Southfield engineering center
Originally posted by Crain’s Detroit Business Photo credit: Bloomberg; Signage at a Lucid Studio showroom in Virginia. Lucid Motors’ plan to invest $10 million and create up to 262 jobs in Southfield will be supported by a $6 million state grant. The Michigan...
Behind the Deal: How the Detroit Region Landed a Major EV Innovator
When the Detroit Regional Partnership (DRP) received a call from California’s Lucid Motors in August 2023 – it wasn’t by accident. The DRP had been nurturing the relationship for nearly a year and a half. The EV company was considering potential locations for a...Behind the Deal: Fortescue Plans to Invest up to $232.2 Million and Create 600 Jobs with New Detroit Advanced Manufacturing Center
Based in Perth, Australia, Fortescue is the 4th largest iron ore mining company in the world with a market cap of $89 billion and a 2023 net profit of $5.5 billion. In addition to its numerous mining operations, Fortescue owns and operates its own shipping fleet,...
Nel Hydrogen to Build Gigafactory in Plymouth Township, Bringing 517 Jobs and $400 Million Investment to Michigan
Originally published by the Michigan Economic Development Corporation LANSING, Mich. – Today, Governor Gretchen Whitmer announced Norwegian hydrogen company Nel Hydrogen has chosen Plymouth Charter Township as the location for its new automated gigafactory for...PART OF 