Johnson Controls Revamping Battery Plant In Michigan For Hybrid Cars
Thanks to tax credits and incentives Johnson Controls is revamping an old factory in Holland, Michigan in order to build batteries for hybrid cars for Ford, BMW, and Azure Dynamics.
“Battery technology is strategically important to the future of the U.S. automotive industry and the economy at large,” stated Alex Molinaroli, President of Power Solutions at Johnson Controls. “Our first U.S. plant will bring about 500 jobs to Michigan, and many additional jobs through suppliers and the businesses these employees will support. It is a key element of our broader strategy and commitment to the hybrid vehicle industry in North America.”
The cost of the renovation is about $220 million, but with tax credits the cost will end up costing $71.4 million. This will save Johnson Controls $148.5 million. Currently General Motors orders batteries from LG in South Korea and Chrysler orders batteries from A123 Systems in Massachusetts.
[via Green Sheet]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry