Lithium-ion battery makers announced plans for four separate manufacturing facilities in Michigan this week.
In all, the plants are expected to bring more than 6,500 jobs to the state and an investment of roughly $1.7 billion.
Johnson Controls-Saft announced plans to build its first U.S. cell manufacturing facility for lithium-ion batteries for hybrid vehicles at an existing Johnson Controls facility in Holland Michigan. Renovating the facility will cost approximately $220 million and the state of Michigan has offered a combination of tax credits and incentives worth $148.5 million. The facility will have an initial capacity of 15 million lithium-ion cells.
Korean company LG Chem plans to spend $200 million in partnership with its Troy, Michigan-based subsidiary Compact Power Inc. to build lithium-ion battery cells for General Motors’ Volt plug-in Hybrid vehicle. The state may give $125.2 million in tax credits for the project, if the state legislature clears additional fund.
A joint venture between Dow Chemical Co (NYSE: DOW), Townsend Ventures LLC and Kokam America Inc. intends to spend $665 million on a battery and cell manufacturing plant for lithium polymer batteries that will be used in hybrid and electric vehicles. The state has said it will give $144.6 million in tax credits to the endeavor.
A123Systems Inc. said it will invest $600 million in a cell manufacturing and pack assembly facility in Livonia. The battery maker said it is the first of several new planned facilities, for which the company has applied for $1.84 billion in federal funds. The state of Michigan has pledged $100 million in tax credits for the Livonia plant. A123 Systems recently announced that it will be supply batteries for Chrysler’s upcoming line of electric vehicles.
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