Michigan Gov. Jennifer Granholm recently announced that LG Chem will expand the state's lithium-ion supply chain by constructing an electrolyte production facility alongside the battery maker's $303-million facility in Holland, MI. The 600,000 square-foot battery cell plant is already under construction and LG Chem expects it to be fully operational in 2012. The electrolyte production plant is in the early design stage and LG Chem is expected to make a more formal progress announcement in the we
Michigan Battery Plants
Dow Kokam, a joint venture between Dow Chemical and Townsend Kokam, has broken ground on its new lithium-polymer battery manufacturing facility in Midland, MI. Dow Kokam chief executive officer Ravi Shanker was on hand for the groundbreaking, as was Vice President Joe Biden and Michigan Governor Jennifer Granholm. When completed, the Midland Battery Park will have the capacity to produce enough batteries to power some 60,000 electric vehicles per year. Dow Kokam's 800,000 square-foot facility wi
Just two days ago, the State of Michigan announced it was extending its previously announced tax breaks and incentives to lure high-tech battery makers to the state to $555 million. It seems that the bait has been snatched up today as four separate battery companies have just announced plans to build new plants in Michigan. Each of the four companies are expected to be granted $100 million in state tax credits.