From aftermarketNews Staff & Wire Reports
INDIANAPOLIS — Indiana Governor Mitch Daniels yesterday joined with the CEO and other officials from advanced lithium-ion battery developer EnerDel to announce a set of performance-based incentives associated with major expansion plans at the company’s Indianapolis manufacturing facilities.
The Indiana Economic Development Corporation offered EnerDel up to $7.125 million in performance-based tax credits and up to $58,000 in training grants based on the company’s job creation plans. The cities of Indianapolis and Noblesville will consider property tax abatement at the request of the Indy Partnership. The company will also seek local incentive offers from Indiana communities for the third manufacturing location.
The developer of lithium-ion batteries for hybrid, plug-in electric and electric vehicles will expand its Indianapolis research and cell production center, build and equip a battery pack assembly center in nearby Noblesville, Ind., and locate a full-scale manufacturing operation at a still to be selected location in the Hoosier state. The company expects to create more than 850 new jobs across the state through 2012.
"Eight hundred fifty jobs of any kind is great news. When those jobs are in a technology of tomorrow, like electric cars, it offers the prospect of even bigger news to follow. Indiana has what it takes to lead this automotive revolution and today is step one," said Gov. Daniels.
A subsidiary of Ener1 Inc., EnerDel currently operates a 92-person production facility on the northeast side of Indianapolis. The company recently received the prestigious R&D 100 award for excellence in its technology and uniquely innovative design. The award is shared by EnerDel and its partners at the Argonne National Laboratory. EnerDel is also an active participant in the United States Advanced Battery Consortium, which works closely with automakers, component companies and others to accelerate the commercial development of new battery technology.
Last week, Ener1 announced it had acquired 100 percent ownership of EnerDel from Delphi Corp. Delphi had held a 19.5 percent stake in EnerDel. The new arrangement frees up EnerDel to seek new strategic partnerships with Tier 1 automotive manufacturers and equipment suppliers.