-LG Chem's Michigan plant to start production in second half of 2013.
Auto Business News - 22 April 2013
LG Chem, a Korean chemical company, is finally commencing production at its vehicle battery plant in Michigan, us by the second half of this year, according to the company's chief financial officer.
The company utilised USD150m in taxpayer money to open a USD304m lithium-ion battery plant in Holland, Michigan, but the plant has been idle for the last several months.
Kim Jong-hyun, head of LG Chem's battery division, confirmed that the delayed opening was because of lower than expected demand for electric vehicles.
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