LG Chem to establish a Cathode plant in Clarksville, Tennessee, for EV batteries.
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LG Chem to establish a Cathode plant in Clarksville, Tennessee, for EV batteries.

The new LG Chem cathode plant will be spread across 420 acres of land and will produce 120,000 tons of cathode material annually.

LG Chem signed an MoU with the state of Tennessee to establish a new cathode manufacturing facility with an investment of more than USD 3 billion. The new plant will be in Clarksville and will be the largest of its kind in the United States.

The plant will be spread across 420 acres of land. The company is building the plant with a production target of 120,000 tons of cathode material annually by 2027 to power batteries in 1.2 million pure electric vehicles with a range of 310 miles (500 km) per charge.

Construction of the plant will begin in the first quarter of next year, with mass production to start in the second half of 2025. The Tennessee site will play a critical role in LG Chem’s strategy to increase its battery materials business, including cathode material fourfold from KRW 5 trillion in 2022 to KRW 20 trillion by 2027.

LG Chem chose Tennessee because of its proximity to key customers, ease of transporting raw materials, and active cooperation of the state and local governments. The Tennessee facility allows LG Chem to proactively address the changing dynamics of the global battery material market and with legislation such as the Inflation Reduction Act (IRA). In addition to the benefits realized by investing in manufacturing on U.S. soil, LG Chem envisions the Tennessee site being the supply chain hub where material and recycling partners work together to supply global customers.

The new facility will produce advanced NCMA cathode materials containing nickel, cobalt, manganese, and aluminum for next-generation EV batteries with improved battery capacity and stability. NCMA cathode materials are among the most critical ingredients for determining the battery capacity and life of electric vehicles.

The new facility will be designed with the environment and future needs of clean energy in mind. LG Chem will collaborate with power suppliers in Tennessee to respond to the demands of customers, including battery and electric vehicle manufacturers, for more renewable energy sources. The operation of the new facility will rely completely on renewable energy provided by solar and hydroelectric power.

Also Read: Hyundai IONIQ 6 gets five-star safety ratings in Euro NCAP crash tests.

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