LG Electronics will create 300 jobs in Michigan once a newly announced EV components plants opens in Detroit, the South Korean company says.
A 250,000-square-foot facility, in the Detroit suburb of Hazel Park, Michigan, will produce EV components starting in 2018. The project will mean at least 292 new jobs – 137 LG factory workers in Hazel Park and another related 155 engineers and technicians at the expanded LG R&D Center co-located within LG’s vehicle components U.S. headquarters in Troy.
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LG says its own spending will amount to USD 25 million, while the Michigan Business Development Program will contribute a USD 2.9 million capital grant under the Michigan Business Development Program over the next four years. The Korean firm notes that it will receive hiring and training assistance from the state, including MI Works support in cooperation with local community colleges, and from the cities of Hazel Park and Troy.
Vehicle components are the fastest-growing part of LG Electronics’ business. The LG Vehicle Components Company reported first-half 2017 global revenues of more than USD 1.5 billion, a 43 per cent increase from the equivalent period of 2016. A one-off factor has been the collaboration with General Motors for the Chevrolet Bolt.
