Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Four Companies Investing $1.7 Billion for Battery Projects in Michigan

04/15/2009
Four companies will invest more than $1.7 billion to open advanced battery manufacturing facilities in Michigan, with the potential for more than 6,600 new jobs, according to the Michigan governor's office. A123 Systems Inc. will invest $600 million for a lithium-ion battery plant in Livonia, Michigan, with plans to create more than 5,000 jobs. A123 has entered into an agreement to supply batteries for Chrysler's in-development ENVI product line. The state has awarded the company tax credits valued at more than $125.2 million. Johnson Controls-Saft Advanced Power Solutions (JCS) will invest $220 million to locate a factory in Holland, Michigan, that will produce advanced lithium-ion cells for automotive applications; the project is expected to create 498 new jobs. JCS will supply batteries for Ford's plug-in hybrid vehicle beginning in 2012. The state has awarded the company tax incentives valued at more than $148.5 million. LG Chem-Compact Power plans to invest $200 million for a lithium-ion cell factory in a to-be-determined Michigan location; the company expects to create more than 300 new jobs. The state will provide the company with $125.2 million in tax breaks. KD Advanced Battery Group LLC, a partnership between Dow Chemical and two other firms, plans a $665 million investment to build an 800,000-square-foot manufacturing facility for its Superior Lithium Polymer Battery. The company plans to create 885 new jobs. The state will provide approximately $144.6 million in tax breaks.

Exclusive Research