Lansing, Michigan – Korea-based LG Chem will build a new electrolyte production plant in Michigan, which will supply the battery cell plant it is also building nearby.

The US$303 million battery cell plant, located in Holland, Michigan, is expected to be fully operational in 2012 and employ 400 people.

“LG Chem formulates its own electrolyte, a key component of battery production,” said Michigan governor Jennifer Granholm, who was on an investment mission to South Korea. “We appreciate LG Chem CEO Peter Kim’s assertion that the company intends to make this key component in Michigan. Today’s announcement sends a strong signal about the market potential for electric vehicles, and reaffirms LG Chem’s commitment to our state.”

LG Chem is supplying the battery for the Chevrolet Volt and has a new contract with Ford to supply batteries for the 2012 Ford Focus battery-electric vehicle.

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