Electronics giant LG to open auto parts plant in Hazel Park

Bruno Cirelli
Agosto 23, 2017

LG Electronics (LG) announced on August 23, plans to establish a factory for advanced electric vehicle (EV) components in the United States.The 250,000-square-foot facility, in the Detroit suburb of Hazel Park, Michigan, will produce EV components starting in 2018.

LG USA also intends to expand its engineering operation in Troy at 1835 Technology Drive and 1346 Rankin Drive, according to the MEDC.

"When leading global companies like LG invest in MI and create hundreds of good, high-paying jobs here, it speaks volumes about the strong business and mobility climate in the state today", Governor Rick Snyder said in a statement.

With $48 billion in annual sales, South Korea-based LG is among the world's largest electronics producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators.

In a statement, LG said its new US plant will produce battery packs for electric cars.

For LG, the MI plant will be its first vehicle-components factory in the U.S. The Seoul-based company already has existing production facilities in five countries, including China, Vietnam and Brazil.

LG is building a new factory in Detroit suburb Hazel Park to supply electric vehicle components, the company announced on Tuesday. The company will add 292 jobs, on top of the 131 it already employs in MI.

LG Electronics has been making efforts to beef up its vehicle component business.

Representing an LG investment of about Dollars 25 million, the project is supported by a USD 2.9 million capital grant under the Michigan Business Development Program over the next four years, as announced today by the Michigan Economic Development Corporation.

LG's EV components business is important to the electronics maker: during the first half of 2017, vehicle components were worth $1.5 billion in global revenue to LG, which is up 43 percent from a year ago.

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