The company also plans to utilize its smart factory technology in Tennessee to automate the entire production process and establish a quality analysis and control system.Ĭonstruction of the factory will begin in the first quarter of 2023, with mass production to start in the second half of 2025. LG Chem has already successfully applied this technology in its cathode factory in Cheongju, South Korea. The Tennessee plant will feature LG Chem’s most advanced production technology, including the ability to produce more than 10,000 tons of cathode material per line. The company’s battery recycling partner is Li-Cycle.
NCMA cathode materials are among the most critical ingredients for determining the battery capacity and life of electric vehicles. The Clarksville factory will produce advanced NCMA – nickel, cobalt, manganese, aluminum – cathode materials for next-gen EV batteries with improved battery capacity and stability. LG Chem said that the Tennessee site will function as a supply chain hub, where material and recycling partners work together to supply global customers such as Tesla and GM. It also cites the passage of the Biden administration’s Inflation Reduction Act (IRA) as a catalyst for the new factory, which will see the creation of 850 jobs. LG Chem said it chose Tennessee because of its proximity to key customers, ease of transporting raw materials, and cooperation from state and local governments. That’s enough to power batteries in 1.2 million EVs with a range of 310 miles per charge. It will sit on 420 acres and is expected to produce 120,000 tons of cathode material annually by 2027. The new plant, which will be sited in Clarksville, will be the largest of its kind in the US. LG Chem today announced that it has signed a memorandum of understanding with the state of Tennessee to build a $3 billion cathode factory for electric vehicles.
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