Gov. Jennifer Granholm says South Korea-based advanced battery manufacturer LG Chem plans to build a new electrolyte production plant in the western Michigan community of Holland.
Granholm made the announcement Friday during a three-day investment mission to South Korea.
The outgoing governor says the new plant will be located near LG Chem's $303 million battery cell plant in Holland, which is under construction and to be fully operational in 2012.
Granholm says the electrolyte production plant is in the design stage, and the project will be presented to LG Chem's board in the weeks to come.
LG Chem is supplying the battery for the new Chevrolet Volt and has a contract with Ford Motor Co. to supply the battery for the 2012 Ford Focus BEV.