·LG invested US$25 million in the US to build an electric vehicle parts factory
According to US media reports on August 22, South Korea's LG Electronics announced that it will invest 25 million US dollars to set up a new factory in Michigan, USA, specializing in the production of electric vehicle parts, which will be officially put into production next year. The Michigan State Government will provide $2.9 million in subsidies for this project over the next four years. Oral Solution Veterinary Medicine Antiparasitic For Dogs,Anti Coccidia Medicine,Oral Solution Veterinary Medicine,Antiparasitic Drugs For Animals Shangqiu Meilan Biological Engineering Co.,Ltd , https://www.melanvaccine.com
The facility, located in Hazel Park, a suburb of Detroit, covers an area of ​​250,000 square feet (about 23,225 square meters) and can create at least 292 jobs and create a large-scale research and development center near Troy, New York.
Ken Chang, head of LG Auto Parts North America Business Center, said, "The development and production of world-class electric vehicle components in the United States is the strategic focus of LG's goal to become the best technology partner for US automakers."
LG shows that auto parts sales are its fastest growing business. In the first half of 2017, LG's car-related revenues reached $1.5 billion, up 43% year-on-year, thanks in large part to LG's supply agreement with General Motors to supply parts for the new Chevrolet Bolt electric car. .
In addition to building a plant in Michigan, LG plans to invest $250 million to build a washing machine manufacturing facility in Clarksville, Tennessee, to create 600 jobs by 2019. At the same time, LG's new headquarters in North America is already under construction in New Jersey, and is expected to cost $300 million.