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.
Read the full article here.