German company Akasol, which makes lithium-ion batteries for a wide range of vehicles, announced its plans to open a new manufacturing facility in the metro Detroit area.
Akasol said it’s opening a North American facility “in response to specific demand for the company’s high energy battery modules from major international manufacturers,” and it “will allow the company to pursue ambitious growth plans for the region.” The company plans on starting production in its new plant by 2020.
The Michigan Economic Development Corporation (MEDC) announced that the Michigan Strategic Fund approved a $2.24 million Michigan Business Development Program grant in support of the project, which is expected to create 224 jobs.
The Detroit-area location was selected over Georgia — Akasol’s plant will be located at former horse racing track Hazel Park Raceway, in Hazel Park, Michigan, according to Crain’s Detroit Business.
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