Two New Lithium Battery Plants in Detroit

Two battery manufacturers with offices in Michigan have announced plans to build factories in the beleaguered state. LG Chem-Compact Power and A123 Systems will build two of the four expected lithium battery plants to come to Michigan in the near future. The other two waiting in the wings are Johnson Controls-Saft Advanced Power Solutions and KD Advanced Battery Group.

The A123 plant will be the bigger of the two, with $600 million in seed money and more than 5,000 positions expected to be filled. Compact Power’s plant gets a $200 million investment to create about 300 jobs. Both companies will recieve $125-million tax credits from the state as a thank-you.

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