High Voltage: $1.7 Billion for Michigan Batteries - 24 volt lifepo4 battery pack
Will Detroit's new name be the city of the gun?
Michigan is becoming the center of lithium worldwide-
Ion batteries are manufactured due to $1.
7 billion agreements announced in April 14 involving no less than four worlds
First Class Battery Company
Four are: Massachusetts-
Headquartered in A123, the business of Ann Arbor and Novi, Michigan will be expanded and a new 300,000-square-
In Livonia (near Detroit, southeast Michigan) there is a $0. 6 billion facility (employing 5,000 people ).
KD Advanced Battery Group, a joint venture of Dow Chemical, Kokam America and Townsend Ventures, will build $0. 665 billion, 800,000-square-
Small battery factory for electric cars and hybrid cars.
South Korea's LG Chem and its Troy subsidiary, Compact Power, Michigan, will spend $0. 244 billion to buy 660,000-
Square foot facility for li-construction
Ion batteries for Chevrolet Volt and other green cars. This U. S.
The expansion of GM's partnership with a foreign battery company could calm criticism.
Johnson control-
Milwaukee's Saft Advanced Power Solutions will provide 498 employees with a $0. 22 billion advanced battery plant, among other things, Ford's upcoming plugin hybrid.
A123 CEO David vio announced at a press conference in Lansing
A scale battery deal with Michigan Governor Jennifer graulham.
He said the company will receive a $100 million refundable national tax credit for the plant project, which will be launched by 2010.
"This announcement ensures that Michigan will be a key capital in the battery industry," said Vieau . ".
A123 recently announced cooperation with Chrysler's ENVI department to provide batteries for its near futureto-be-
Announced electric vehicles of one of the five prototypes.
A123 is a battery supplier for 19 electric and hybrid vehicles from several manufacturers including China Shanghai Automobile Industry Corporation (the manufacturer of China's first hybrid vehicle.
The anabor factory is an advanced R & D center, and Novi has a123's automotive engineering team.
A123 is currently manufacturing batteries in Massachusetts, but has an annual production capacity of only 10,000.
A123 is also applying for $1.
8 billion of the $25 billion vehicle and battery manufacturing program (plus stimulus funding) from DOE and the company's long-term
Vieau says the semester goal is to produce 500,000 cells and packaging each year.
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These projects should be given to li-
The ion battery introduced to the mass market raises the question: will the volume reduce the current daunting cost?
Battery pack for plug-
It can be $10,000 to $15,000 in the car. -
This makes it a challenge to get a car in the market for less than $30,000.
"Look at the pattern of flat-screen TV prices falling," Vieau said . ".
"I believe that the increase in sales will lead to a similar decline in battery prices.