Indianapolis, Indiana,--EnerDel has announced the company will locate its newest manufacturing operation in Hancock County and create 500 more jobs, bringing the company to a total of 1,400 in three Central Indiana locations.
EnerDel announced in 2008 it would add 900 jobs by expanding its Indianapolis research and cell production center, building a new battery pack assembly center in Noblesville and committing to locate a full-scale manufacturing site at a to be determined location in Indiana. This announcement means the company will grow by another 500 jobs as it prepares to open its third location in Hancock County.
The developer of lithium-ion batteries for hybrid, plug-in electric and electric vehicles will invest $237 million to lease and equip more than 200,000 square feet of Building 1 located at Axcess70 at Mount Comfort Road in Hancock County.
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Founded in 2004, EnerDel produces lithium-ion batteries for automotive manufacturers that are lighter, occupy less space, provide more power and have a longer life than the nickel metal hydride batteries found in today's hybrid vehicles. The company has commercial and strategic partnerships with industry leading companies such as THINK, Volvo, Nissan, Mazda, the United States Military, Japan Post, AC Transit, Portland General Electric and ITOCHU Corp.
EnerDel plans to begin hiring additional engineers, production associates and administrative staff in the next couple of months as the new facility is readied for production.
The Indiana Economic Development Corporation offered EnerDel up to $21.1 million in performance-based tax credits and up to $200,000 in training grants based on the company's job creation plans. Hancock County will consider additional property tax abatement and other incentives totaling approximately $30 million at the request of the company and the Hancock County Economic Development Corporation.
EnerDel is owned by Ener1, Inc., (Nasdaq: HEV), which also has ownership stake in THINK, a Norwegian electric car manufacturer which announced earlier this month that it will locate its North American production facility in Elkhart, Ind. creating more than 400 jobs by 2013.
EnerDel is based in Indianapolis, IN. The company has one of the most advanced lithium-ion battery manufacturing facilities in the world, and the only one of its kind in the United States.
Charles Gassenheimer is Chairman and Chief Executive Officer, Ener1, Inc.
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