LG Chem officials announced last week the company’s plan to invest approximately $3.2 billion to establish a new cathode manufacturing facility in Clarksville.
The plant will support the electric vehicle battery value-chain in the U.S.
LG Chem’s anticipated investment of approximately $3.2 billion represents the single largest announced foreign direct investment in Tennessee’s history. The project is expected to create 860 new jobs in Montgomery County.
The Clarksville facility will be the largest of its kind in the U.S. and is expected to produce roughly 120,000 tons of cathode material annually by 2027, which is enough to power batteries in 1.2 million electric vehicles with a range of 310 miles per charge.