LG Chem To Build Largest Cathode Manufacturing Facility In US via insideevs.com
According to LG Chem, the new factory will play a critical role in the company’s strategy to increase its battery materials business including cathode material fourfold from 5 trillion KRW in 2022 to 20 trillion KRW by 2027.
"For LG Chem, Tennessee was the best choice due to its proximity to key customers, ease of transporting raw materials and active cooperation of the state and local governments. The Tennessee facility allows LG Chem to proactively address the changing dynamics of the global battery material market and with legislation such as the Inflation Reduction Act . In addition to the benefits realized by investing in manufacturing on U.S.
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