As the lithium-ion battery market continues to expand, it becomes one of the few industries reporting job growth during the economic downturn. recently, Compact Power, a subsidiary of LG Chem, announced plans to hire additional workers as demand has outstripped current supply and is expected to continue to rise.
Compact Power, a company that began four years ago with five employees together during the staff Christmas party probably never thought that today they would employ more than 120 people and continue to grow. From a small gathering then, to an annual Christmas party at the Detroit Yacht Club, Compact Power has come a long way.
Their success and growth does not appear to be stopping anytime soon. Compact Power and partner LG Chem have announced plans to break ground on a new battery manufacturing facility in Michigan later this year. The facility should be production ready by 2013.
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Source: allcarselectric.com
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