LG Electronics will build an electric vehicle parts factory in the U.S. state of Michigan.
 
The tech giant said Wednesday that it will invest some 25 million dollars in the construction of the auto components plant in Hazel Park in the suburbs of the industrial city of Detroit in southeastern Michigan.
 
The plant, scheduled to be completed in the first quarter of next year, will produce battery packs for electric cars with plans to gradually expand its scope to other auto parts such as motors.
 
Michigan officials and LG expect the plant will create around 300 jobs.
 
With the Michigan plant, LG Electronics intends to accelerate efforts to expand its vehicle component business which the firm is fostering as a new growth sector.