Melissa Brown and Frank Gluck of The Tennessean report that LG will invest $3.2 billion in a Tennessee cathode factory.
- LG Chem will build a cathode factory for electric vehicle batteries in Montgomery County, Tennessee.
- Cathodes account for 15% of the cost of an EV and determine the capacity and power of a battery.
- Construction of the plant is expected to begin in early 2023 with production scheduled for late 2025.
“Shin said the factory is projected to produce 120,000 tons of cathode battery materials annually once fully operational, which is enough to power batteries in 1.2 million electric vehicles.”
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