![U. S. President Barack Obama speaks at a groundbreaking ceremony for a new lithium-ion battery plant in Holland, Michigan on July 15, 2010. The $303 million facility run by LG Chem and U. S. President Barack Obama speaks at a groundbreaking ceremony for a new lithium-ion battery plant in Holland, Michigan on July 15, 2010. The $303 million facility run by LG Chem and](https://c8.alamy.com/comp/TXFNTH/u-s-president-barack-obama-speaks-at-a-groundbreaking-ceremony-for-a-new-lithium-ion-battery-plant-in-holland-michigan-on-july-15-2010-the-303-million-facility-run-by-lg-chem-and-compact-power-inc-is-scheduled-for-completion-in-2012-and-is-partially-financed-by-a-1514-million-grant-from-the-federal-government-as-part-of-the-stimulus-package-upibrian-kersey-TXFNTH.jpg)
U. S. President Barack Obama speaks at a groundbreaking ceremony for a new lithium-ion battery plant in Holland, Michigan on July 15, 2010. The $303 million facility run by LG Chem and
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![LG Chem Ltd. Vice-chairman and CEO Peter Bahn-Suk Kim speaks at a groundbreaking ceremony for a new lithium-ion battery plant in Holland, Michigan on July 15, 2010. The $303 million facility run LG Chem Ltd. Vice-chairman and CEO Peter Bahn-Suk Kim speaks at a groundbreaking ceremony for a new lithium-ion battery plant in Holland, Michigan on July 15, 2010. The $303 million facility run](https://c8.alamy.com/comp/TXFNW1/lg-chem-ltd-vice-chairman-and-ceo-peter-bahn-suk-kim-speaks-at-a-groundbreaking-ceremony-for-a-new-lithium-ion-battery-plant-in-holland-michigan-on-july-15-2010-the-303-million-facility-run-by-lg-chem-and-compact-power-inc-is-scheduled-for-completion-in-2012-and-is-partially-financed-by-a-1514-million-grant-from-the-federal-government-as-part-of-the-stimulus-package-upibrian-kersey-TXFNW1.jpg)