To support the electric vehicle battery value-chain in the U.S., South Korea-based LG Chem plans to establish a new cathode manufacturing facility in Clarksville, Tennessee . Construction is scheduled to begin in the first quarter of 2023 and production by the second half of 2025.“The new cathode manufacturing facility in Tennessee brings us one step closer to becoming the world’s best battery materials manufacturer and fulfilling our corporate vision to become a top global science company. The facility will rely completely on renewable energy provided by solar and hydroelectric power.“This is a big win for Tennessee and Montgomery County. LG Chem’s decision to locate its new cathode manufacturing facility in Clarksville underscores Tennessee’s growing profile as a hub for U.S. and global companies. I appreciate LG Chem for its substantial investment in Clarksville and look forward to building a successful partnership with the company in the years ahead,” noted TNECD Commissioner Stuart McWhorter.Headquartered in Seoul, South Korea, LG Chem Ltd., often referred to as LG Chemical has eight factories in South Korea and a network of 29 business locations in 15 countries.
Continue reading...
