EnerDel Building Battery Plant In Indiana

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EnerDel, a manufacturer of lithium-ion batteries, says it is investing $237 million in a new manufacturing plant near its Indianapolis headquarters. The new facilities will more than double the company's U.S. production capacity and create 1,400 new jobs.

The new plant will give EnerDel the capacity to produce battery packs for approximately 600,000 hybrid electric vehicles or 60,000 battery electric cars. It will be financed through a federal stimulus grant under a 50/50 cost-share program, of which EnerDel plans to spend $60 million in 2010.

SOURCE: EnerDel

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