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ALTe LLC Approved to Receive an $8.4M MEDC Tax Credit for Electric Powertrain Development, New Facility in Auburn Hills

Michigan-based electric powertrain company ALTe LLC (earlier post) was approved to receive a tax credit valued at $8.4 million over seven years from the Michigan Economic Development Corporation’s (MEDC) Michigan Economic Growth Authority (MEGA) board.

ALTe is developing light- and medium-duty series plug-in hybrid electric vehicle powertrain systems—initially as conversions, but ultimately extending to an OEM basis.

ALTe also secured a 185,000-square-foot Development and Manufacturing facility in Auburn Hills, Mich. At full production, the facility will produce up to 90,000 powertrains each year.



Conversions have their place, but it is a niche. There are so many makes and models that it becomes difficult. If you have a fleet of vehicles about the same make, model and year, it makes things simpler.

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