LANSING, Mich. (AP) — Electric vehicle battery maker LG Energy Solution, a joint-venture partner with automaker General Motors, plans a $1.7 billion expansion in western Michigan that will add up to 1,200 jobs by 2025.
The project at the company's site in Holland was approved Tuesday for $56.5 million in state grants and a 20-year tax break worth $132.6 million.
Michigan Economic Development Corp. CEO Quentin Messer Jr. says the expansion will quintuple the plant's ability to produce battery components.
The average wage will be $1,257 a week, or about $65,000 annually, plus benefits.
The company, which is headquartered in South Korea, could begin hiring later this year.
