LG Chem has made it official. The South Korean manufacturer is moving forward with plans to start production of lithium ion cells in Michigan. LG Chem and its U.S. subsidiary, Compact Power Inc. (CPI), will spend $303 million to build the cell plant in Holland, on the west side of the state. By 2013, the facility figures to employ over 400 people. Groundbreaking will take place this summer, with the factory scheduled to be fully operational by 2012. At full production, the plant will have enough
LG Chem made it official today. The South Korean manufacturer is moving forward with plans to start production of lithium ion cells in Michigan. LG Chem and its U.S. subsidiary, Compact Power Inc. (CPI), will spend $303 million to build the cell plant in Holland on the west side of Michigan. By 2013, the facility figures to employ over 400 people. Groundbreaking will start this summer with the factory fully operational by 2012. At full production, the plant will have enough capacity to produce c
LG Chem is rapidly shaping up to be one of the world leaders in supplying lithium ion batteries for transportation applications. We already knew that LG Chem would be supplying General Motors with cells for the Chevrolet Volt and packs for the General's upcoming two-mode plug-in hybrid. LG is also supplying packs to Hyundai for its Korean-market Elantra hybrid and the upcoming Sonata hybrid.
A new report is indicating that LG Chem is moving forward with plans to be build a $300 million advanced battery plant in southwest Michigan in the near future. The plant will be used to build lithium ion cells for automotive applications. Although LG Chem has yet to publicly announce anything, the plant is expected to supply cells for use in the Chevrolet Volt as well as the other upcoming plug-in hybrid from GM. This summer, GM announced and then canceled plans to build a new PHEV crossover fo
Compact Power Inc is on something of a roll lately. They and parent LG Chem of South Korea have reportedly won contracts supply lithium ion batteries to Hyundai/Kia for upcoming hybrid models and are rumored to be the front runner to the supply contract for the production Chevrolet Volt. CPI's latest deal comes from the United States Advanced Battery Consortium. USABC is a research consortium comprised of the three domestic automakers along with funding from the Department of Energy for basic re
More fodder for the rumor mill has arrived in the form of conflicting statements. When last we visited the set of the soap opera we call "the contest to be the battery supplier for the Volt", GM's new 40 mile PHEV (or EREV), a British media source, the Guardian, had written that LG Chem's battery had powered a Volt mule. When coupled with the statement Mr'. Lutz had made to AutoblogGreen that only one battery was being concentrated on, there was speculation that GM had made it's decision and tha
Compact Power Inc. is one of the two companies that last week was awarded development contracts to produce batteries for the prototype Chevy Volts. CPI is a relatively new company in the US but they have roots in South Korean conglomerate LG. Right now they only have twenty-five people at their facility in Troy, MI but that will be growing as they ramp up development on the battery pack that they hope will ultimately power the production version of one of the most anticipated cars from a US auto
The latest issue of industry trade magazine Automotive Electronics has an article on some of the battery makers trying to gain new business on upcoming hybrid and electric vehicle programs. The piece provides a pretty decent summary of the major players and also the issues with some of the battery technology they're working on, particularly new lithium ion batteries. For the time being all the bigger volume programs are sticking to NiMH because it's proven, relatively safe and they know how to m