LG Chem is a EV battery company based in South Korea. Now, they are planning to add a new cathode manufacturing location in Right to Work Clarksville, Tennessee. In order to accomplish this feat, the company is investing a total of $3.2 billion toward the project. And they will also need to hire new employees. So Montgomery County will see 850 new job opportunities from this company!
From Area Development Magazine:
“The new cathode manufacturing facility in Tennessee brings us one step closer to becoming the world’s best battery materials manufacturer and fulfilling our corporate vision to become a top global science company. This site will be the North American manufacturing center of excellence for the cathode supply chain and lead to the creation of many well-paying jobs, contributing to the local economy in Clarksville.” […]
“This is a big win for Tennessee and Montgomery County. LG Chem’s decision to locate its new cathode manufacturing facility in Clarksville underscores Tennessee’s growing profile as a hub for U.S. and global companies. As we continue our efforts to attract companies in the automotive industry, we are focused on supporting companies that boost Tennessee’s presence in the EV space. I appreciate LG Chem for its substantial investment in Clarksville and look forward to building a successful partnership with the company in the years ahead.”AREA DEVELOPMENT MAGAZINE
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