The announcement of Korea-based LG Chem's decision to build its first U.S. battery cell plant in Holland has turned the eyes of the electronics manufacturing world squarely on the city.
According to excerpts from the story:
Regardless of all the possible benefits of having a battery manufacturing industry in the U.S. for plug-in vehicles, building out that fledgling industry won't come cheap. This morning an announcement from LG Chem — the Korean electronics behemoth whose U.S. subsidiary Compact Power will supply lithium-ion cells for General Motors' upcoming Chevy Volt — offers a reminder of the big investments that lie ahead. LG Chem said today that it plans to build its first U.S. plant for battery cells — a $303 million project — in Holland, Mich.
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