LG Chem begins construction on cathode plant in Tennessee
Dec. 26, 2023
The plant will produce NCMA (nickel, cobalt, manganese, aluminum) cathode materials optimized for North American electric vehicles.
LG Chem has broken ground on a new cathode plant in Clarksville, Tennessee. The global chemical company will invest $1.6 billion into the first phase of the project, and the plant will produce NCMA (nickel, cobalt, manganese, aluminum) cathode materials optimized for North American electric vehicles. LG Chem hopes the facility will become a production hub for the global battery material market. The plant is expected to have an annual capacity of 60,000 tons and be capable of producing cathode materials for approximately 600,000 electric vehicles.
In a recent quote, LG Chem CEO Shin Hak-cheol said, "With the Tennessee cathode material plant as the center, LG Chem will undoubtedly leap to become the top cathode material supplier in North America. LG Chem will execute the vision to become the world's leading comprehensive battery material company, establishing a stable supply chain resilient to any environment."
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