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LG Chem Plans “Trial” Battery Production in U.S.
South Korea's LG Chem Ltd. CFO Cho Suk-jeh tells reporters in Seoul it will begin "trial" production in July or August of lithium-ion polymer cells at its never-used $304 million battery plant in Holland, Mich.
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South Korea's LG Chem Ltd. CFO Cho Suk-jeh tells reporters in Seoul it will begin "trial" production in July or August of lithium-ion polymer cells at its never-used $304 million battery plant in Holland, Mich.
The Michigan plant was built with the help of a $151 million grant from the U.S. Dept. of Energy. It was supposed to open last year with annual capacity to supply cells for as many as 200,000 vehicles.
But an analysis issued last month by DOE's Office of Inspector General said LG Chem constructed only about 60% of the planned capacity and has never made commercial grade cells there.
The report also estimates that the DOE wrongly reimbursed the company for paying $842,000 to plant employees who spent the work day watching movies, playing games and doing volunteer work.
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