The Wall Street Journal: LG Electronics plans Michigan factory for electric-car parts

SEOUL — LG Electronics Inc. said Wednesday that it will spend about $25 million to build a factory for electric-car parts in the Detroit suburb of Hazel Park, Mich., as the company seeks new engines of growth while it reels from losses at its once-lucrative mobile business.

In a statement, LG 066570, +2.91% said its new U.S. plant will produce battery packs for electric cars. It will expand into other key components later.

The company began supplying parts to General Motors Co.’s GM, +1.12% Chevrolet Bolt EV last year, produced mostly in its South Korea plant.

For LG, the Michigan plant will be its first vehicle-components factory in the U.S.

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