Michigan - Starting transfer of technology to the automotive world electric power industry made by a number of supporters began to move. One of them, a leading electronics company of LG from South Korea which it has said that it will build new battery plant worth of U.S. $ 303 million in the United States (U.S.). Its location is in Holland, Michigan and it is able to open 400 new jobs in 2013.
"Selection of LG Chem is in Holland because the city has been already a very good network infrastructure," said Jae Ham, Senior Vice President of LG Chemical, as reported by autoevolution.com, a few days ago.
Financing the plant will be supported from the U.S. government loan worth U.S. $ 151.4 million through the U.S. Department of Energy (Department of Energy / DOE) who was campaigning for the program of Recovery Act Award for Battery Electric Vehicle Drive and Component Manufacturing Initiative. Meanwhile, the remaining funds will be borne by the company.
"LG Chem was inspired by the determination shown by high-Holland town. Making Michigan as one of the base development of electric vehicles all over the world," continued by Ham.
LG factory will supply lithium ion batteries for General Motors products such as the Chevrolet Volt. Business activities will be under the control of LG Chemical North American section called Compact Power Inc..
"Thanks to an aggressive vision and strategy. Michigan is now the leading technology centers of the battery industry. We are grateful to the commitment given from LG Chem," said Michigan Governor Jennifer M. Granholm.
