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EnerDel Plans to Invest $237M in New Indiana Lithium-Ion Battery Plant

Green Car Congress

The Indiana plant will be financed through a $118.5 million grant awarded under the federal stimulus package under a 50:50 cost-share program, of which EnerDel plans to spend $60 million in 2010. The project represents just the first stage of the company's expansion plans in the Indianapolis area. Earlier post.)