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LG Energy Solution investing $1.7B to quintuple battery plant capacity in Michigan

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LGES’ expansion will quintuple the plant’s capacity to help produce battery components into the future as Michigan’s electric vehicle industry grows. The two companies have a longstanding relationship, and GM acted as a key partner in bringing LG to Michigan in 2010. LG Energy Solution (LGES) is investing $1.7 million; and.

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BASF grants license for manufacture of lithium-ion cathode precursor materials to OM Group

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BASF Corporation, through its Ovonic battery materials affiliate, has granted OM Group, Inc. OMG) a royalty-bearing license covering cathode precursor materials used in lithium-ion batteries. The license also covers the proprietary processes used to manufacture these materials.

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U-M leads new DOE-funded research center for ceramic ion conductors; MUSIC

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million research center, led by Michigan Engineering and funded by the US Department of Energy, will focus on understanding an emerging branch of science involving mechanical and chemical phenomena that affect advanced battery designs.

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LG Chem Michigan Inc. to start automotive Li-ion battery production in July for Chevy Volt

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LG Chem Michigan Inc. LGCMI) is targeting the launch of commercial production of automotive lithium-ion battery cells in July, 2013 at its Holland, Michigan facility once it has successfully completed the Production Part Approval Process (PPAP) and gained customer approval. Earlier post.).

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AKASOL entering N. American market with new battery production facility for commercial vehicles

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Germany-based AKASOL, a manufacturer of high-performance lithium-ion battery systems for commercial vehicles, plans to open a production facility in the metro Detroit area of Michigan. AKASOL’s new Michigan production facility will have a similar capacity to the firm’s current series production site in Lange, Germany.

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DOE and A123 Systems agree on 2-year extension to grant contract

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million grant DOE awarded to A123 on 5 August 2009 from the current 2 December 2012 to 2 December 2014. The grant, which was awarded under the DOE’s Electric Drive Vehicle Battery and Component Manufacturing Initiative, is being used to fund the construction of new lithium-ion battery manufacturing facilities in Michigan.

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A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

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million to replace battery modules and packs that may contain defective prismatic cells produced at A123’s Livonia, Michigan manufacturing facility. million related to inventory produced at its Michigan facilities that may be defective. A123 Systems has been the recipient of a number of state and federal grants and tax incentives.

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