LG Chem to Build $300-Million Advanced EV Battery Plant in Michigan
By John O'Dell October 16, 2009
South Korean battery make LG Chem says it will spend more than $300 million over the next three years to build a manufacturing plant in Michigan for advanced technology batteries.
Basic design for Chevy Volt battery pack shows it contains more than 200 individual lithium-ion cells.
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At least three other battery groups, from Germany, South Korea and the U.S., also have expressed interest n locating plants in Michigan, state officials say.
LG plans to make batteries for a variety of applications and customers, but is linked closely with General Motors because a subsidiary, Compact Power, earlier this year won separate contracts from GM to build the lithium ion battery packs for the 2011 Chevrolet Volt extended-range plug-in hybrid and an as-yet-unnamed 2011 Buick plug-in hybrid.
The LG plant is to be located in Holland, Mich., about 180 miles due west of Detroit.
Compact Power which has a facility in Troy, Mich., near Detroit, apparently will build the completed battery packs using lithium-in cells made by parent LG Chem at its new plant.
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Holland is a nice place. I'll give them a thumbs-up on their choice of location.
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