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25 08 2017 04

LG Electronics is building a 250,000 square foot EV parts plant in Detroit suburb Hazel Park, it said in a press release. LG might not build its own cars, but its vehicle components division supplies many key pieces for GM's critically acclaimed Chevy Bolt, to name one manufacturer. That's an understatement: It builds the battery cells and pack, electric motor, power inverter, on-board charger, climate control, instrument cluster and infotainment system.

GM is therefore relying a lot on LG, but the feeling is mutual: LG says it made about $1.5 billion building vehicle components in the first half of 2017. That's a 43 percent increase from the year before and a big chunk of that gain is due to the Bolt. The new plant should make it easier to supply those parts and ease any importing concerns with US regulators. The plant received a $2.9 million grant from the Michigan Business Development Program, and will employ at least 292 factory workers and engineers.

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