Abstract

THE GOVERNORS of Michigan and Georgia, in separate announcements made on Nov. 5, are welcoming investments by South Korean chemical companies that expand high-technology manufacturing in their states. LG Chem will build a new electrolyte production plant in Holland, Mich., to supply its nearby $300 million lithium-ion battery cell facility, currently under construction. The battery facility received significant government incentives, including a $151 million federal grant for battery manufacturers and more than $100 million in state tax credits. “We appreciate LG Chem CEO Peter Kim’s assertion that the company intends to make this key component in Michigan,” said Gov. Jennifer M. Granholm. “Today’s announcement sends a strong signal about the market potential for electric vehicles and reaffirms LG Chem’s commitment to our state.” The battery cells will be assembled into electric-car batteries by LG Chem’s North American subsidiary, Compact Power, in Troy, Mich. Compact Power will supply batteries for Gene...

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