LG Chem To Build Largest Cathode Manufacturing Facility In US

LG Chem announced a plan to build the largest EV battery cathode manufacturing facility in the US, which will be located in Clarksville, Tennessee.

insideevs.com

LG Chem announced a plan to build the largest EV battery cathode manufacturing facility in the US, which will be located in Clarksville, Tennessee.

The company just signed a memorandum of understanding (MOU) with the state of Tennessee and would like to start construction as early as the first quarter of 2023.

The whole investment is expected to cost more than $3 billion and will enable the South Korean manufacturer to produce 120,000 tons of cathode material annually by 2027, which is expected to be enough for 1.2 million electric cars per year.

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GM and LG inked back in July for LG to supply GM with more than 950,000 tons of CAM over eight years.

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