Korean LG Chem Plans Battery Electrolyte Facility for Holland, Michigan
11/08/2010
"LG Chem formulates its own electrolyte, a key component of battery production," said Governor Jennifer Granholm. "We appreciate LG Chem CEO Peter Kim's assertion that the company intends to make this key component in Michigan. Today's announcement sends a strong signal about the market potential for electric vehicles, and reaffirms LG Chem's commitment to our state."
LG Chem is producing batteries for the Chevrolet Volt, and has signed a contract with Ford to supply batteries for its 2012 Ford Focus BEV. The U.S. Department of Energy supports LG Chem's Michigan operations with a $151.4 million grant.
The developments arose from Governor Granholm's recent investment mission to South Korea.
Project Announcements
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Point Blank Enterprises Plans Wakulla County, Florida, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024