LG Chem Ltd. has announced that it will build a $303 million lithium-ion battery manufacturing facility in Holland, MI. At its peak, the plant will produce enough cells for 50,000 to 200,000 vehicle battery packs. LG Chem estimates that more than 400 jobs could be created by 2013, and many of the people will be hired and trained in advance of the plant being operational. Scheduled for groundbreaking this summer, the 650,000-ft² (18,000-m²) facility will be financed in part from a $151.4 million grant the company received from the U.S. Department of Energy as part of the Recovery Act Award for Electric Drive Vehicle Battery and Component Manufacturing Initiative. LG Chem will make a $151.5 million investment in the facility. The company said it expects the plant to be fully operational in 2012. Initially, the plant will make cells for the Chevrolet Volt from General Motors Co. The plant will be operated by LG Chem’s North American subsidiary, Compact Power Inc.