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-LG Chem's Michigan plant to start production in second half of 2013.

Auto Business News-April 22, 2013--LG Chem's Michigan plant to start production in second half of 2013(C)1994-2013 ENPublishing - http://www.enpublishing.co.uk

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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Publication:Auto Business News (ABN)
Geographic Code:1U3MI
Date:Apr 22, 2013
Words:145
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