, LG Chem to build $3 billion Tennessee cathode plant for GM Ultium EV batteries, TheCircularEconomy.com

LG Chem to build $3 billion Tennessee cathode plant for GM Ultium EV batteries

, LG Chem to build $3 billion Tennessee cathode plant for GM Ultium EV batteries, TheCircularEconomy.com

South Korea’s LG Chem Ltd said on Tuesday it will invest more than $3 billion to build a battery cathode factory in Tennessee, as it ramps up plans to meet rising demand for U.S. electric vehicle components.

It’s one of the first major EV-related investments announced by a South Korean firm in the United States since a new U.S. law was passed in August that puts automakers and battery suppliers relying heavily on China for sourcing at a cost disadvantage.

Mass production is set to start outside of Clarksville in the second half of 2025 and the plant will create more than 850 jobs, LG Chem said in a statement. The plant is slated to have an annual production capacity of 120,000 tons of cathode materials by 2027, enough to power about 1.2 million electric vehicles, it added.

Read the full article at: www.autoblog.com

, LG Chem to build $3 billion Tennessee cathode plant for GM Ultium EV batteries, TheCircularEconomy.com

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