A California-based electric car company hopes to bring 2,000 jobs to Columbus by the end of 2011.
However, those plans rely on securing final funding approval, officials say.
CODA Automotive, of Santa Monica, Calif., plans to produce automotive-grade lithium-ion cells in the former Lucent Technologies site, 6200 E. Broad St. in Far East Columbus.
If all goes according to plan, that plant should produce up to 50,000 battery systems annually by 2014, according to K. Forrest Beanum, vice president of Public Affairs and Communication for CODA Automotive.
The production plant and its timeline rely on receiving approval from the U.S. Department of Energy for a $520 million loan, Beanum said.
"We will start hiring as soon as we get word from the DOE," Beanum said.
CODA and Lishen Power Battery -- through Lio Energy Systems Holdings LLC -- plan to invest about $657 million in the Columbus site, he said.
To read the rest of this article, please click the source link above.Car battery plant could bring 2,000 jobs to Lucent site »