25 Sep '14, 3pm

LG Chem's troubled Chevy Volt battery plant hiring once again

Here is what I don't understand about the attacks that were made upon the various recovery act battery and EV companies (not just this one). The intent of the funding was supposed to reduce the risk to the companies in attempting to start up a new industry by sharing in the costs of the capital expenditures (CapEx- for all you people who believe the use of secret languages infers intelligence). It was known that some volume was needed to get prices down, but there was no demand for volume because prices were high. It's the same thing with every new technology faces , except a few, as they move from demonstration to manufacturing. So, I don't get all of the claims of failure just after most of the plants were built. A rational person would never expect the plant output to exactly match demand especially in the early days, yet that and other falsehoods were routinely espouse...

Full article: http://green.autoblog.com/2014/09/25/lg-chems-troubled-ch...

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