Re: You've come a long way, baby: the electric car vs. the horse
I didn't know whether to laugh or cry after I read this:
"The licensing agreement with LG Chem concretely illustrates the key role that DOE national laboratories like Argonne play in the manufacturing supply chain in the United States," said Eric Isaacs, Argonne director and president of UChicago Argonne, LLC, a wholly owned laboratory management subsidiary of the University of Chicago. "The development of this cathode material is the result of research performed by a multidisciplinary team of world-class scientists based at Argonne." "It is especially gratifying to know that the commercialization of this Argonne-cathode is helping the development of an emerging U.S. battery manufacturing industry, as well as the creation of new American jobs," said Jeff Chamberlain, who heads Argonne's Energy Storage Initiative. LG Chem Michigan, Inc. (LGCMI), a wholly owned subsidiary of LG Chem, will manufacture Li-ion polymer battery cells for the Chevy Volt at a Recovery Act-funded $303 million production facility under construction in Holland, Mich.
Let me see if I have this right. The basic research at Argonne was funded by...well, probably the American taxpayers, non? Then the results are licensed to LG Chem Michigan, Inc., which is a wholly-owned subsidiary of L.G. Chemical, a private company in turn owned by Korea's Lucky Goldstar group, which also owns Compact Power, Inc. which was contracted by General Motors, a company bailed out by...well, the taxpayers...to supply the batteries for the Chevy Volt. As if all that isn't enough, the ultimately foreign owned manufacturing plant to produce the batteries is subsidised by...well, the American taxpayers, non?
This sort of sums up the sorry state of American job creation...
Originally posted by bill
View Post
"The licensing agreement with LG Chem concretely illustrates the key role that DOE national laboratories like Argonne play in the manufacturing supply chain in the United States," said Eric Isaacs, Argonne director and president of UChicago Argonne, LLC, a wholly owned laboratory management subsidiary of the University of Chicago. "The development of this cathode material is the result of research performed by a multidisciplinary team of world-class scientists based at Argonne." "It is especially gratifying to know that the commercialization of this Argonne-cathode is helping the development of an emerging U.S. battery manufacturing industry, as well as the creation of new American jobs," said Jeff Chamberlain, who heads Argonne's Energy Storage Initiative. LG Chem Michigan, Inc. (LGCMI), a wholly owned subsidiary of LG Chem, will manufacture Li-ion polymer battery cells for the Chevy Volt at a Recovery Act-funded $303 million production facility under construction in Holland, Mich.
Let me see if I have this right. The basic research at Argonne was funded by...well, probably the American taxpayers, non? Then the results are licensed to LG Chem Michigan, Inc., which is a wholly-owned subsidiary of L.G. Chemical, a private company in turn owned by Korea's Lucky Goldstar group, which also owns Compact Power, Inc. which was contracted by General Motors, a company bailed out by...well, the taxpayers...to supply the batteries for the Chevy Volt. As if all that isn't enough, the ultimately foreign owned manufacturing plant to produce the batteries is subsidised by...well, the American taxpayers, non?
This sort of sums up the sorry state of American job creation...
Comment