South Korean battery make LG Chem says it will spend more than $300 million over the next three years to build a manufacturing plant in Michigan for advanced technology batteries.

The company is one of four battery makers approved for generous state tax incentives this summer  as Michigan bids to become the nation’s battery-making center.

At least three other battery groups, from Germany, South Korea and the U.S., also have expressed interest n locating plants in Michigan, state officials say.

LG plans to make batteries for a variety of applications and customers, but is linked closely with General Motors because a subsidiary, Compact Power, earlier this year won separate contracts from GM to build the lithium ion battery packs for the 2011 Chevrolet Volt extended-range plug-in hybrid and an as-yet-unnamed 2011 Buick plug-in hybrid.

The LG plant is to be located in Holland, Mich., about 180 miles due west of Detroit. More