South Korea’s LG Chem to build $3.2 bn US cathode plant

Seoul (AFP) Nov 22, 2022
South Korea’s LG Chem signed an agreement with the US state of Tennessee to build a $3.2 billion cathode materials plant for electric vehicle batteries, the company said Tuesday. The plant will be capable of producing 120,000 tonnes of cathodes a year by 2027, enough to power 1.2 million pure electric vehicles, LG Chem said in a statement. Covering 1.7 million square metres (420 acres), This article was originally published by Solardaily.com. Read the original article here.