LG Chem has initiated the construction of a $3.2 billion electric vehicle (EV) battery materials plant in Clarksville, Tennessee. The plant, which will focus on producing cathode material, is expected to generate 60,000 tons of this material annually at full capacity, sufficient for 600,000 high-performance EVs.
The big-name international chemical company is partnering with JE Dunn Construction for Phase 1 of construction which is expected to be complete by 2025.
Hak-Cheol Shin, chief executive officer of LG Chem, emphasized support from the state and local community as well as the company’s commitment to leading in the EV battery industry with advanced technology.
“I cannot help but feeling mesmerized by unflinching and unwavering support and cooperation and commitment given to LG Chem by the state and the local community,” Shin said. “LG Chem is bringing the world’s best cathode material technologies in terms of innovative chemistry and state-of-the-art manufacturing processes to this Clarksville site.”
The project will create approximately 860 jobs, with 300 positions offering salaries over $100,000. The plant is expected to operate at full capacity by 2028 and run on renewable energy, aligning with LG Chem’s goal for global carbon emissions to reach net zero.
Clarksville Now writer, Jeff Matthews, provides more detail about this monumental project in an article linked below.
