South Korean firm LG Chem has embarked on the creation of an advanced cathode facility in Tennessee, which is expected to be the largest in the U.S.

What Happened: Recently, the groundbreaking ceremony for LG Chem‘s new cathode plant took place in Tennessee, as reported by Teslarati. The facility is estimated to be the biggest in the United States, producing mass quantities of NCMA (Nickel, Cobalt, Manganese, Aluminum) cathode materials.

The South Korean firm plans to invest $1.6 billion in the project’s initial phase, which will span 1.7 million square meters in Clarksville. The first phase will generate 60,000 tons of cathode material per year, with production anticipated to start by 2026.

See Also: Apple’s Ban On Smartwatches Could Result In Sales Loss Exceeding $300-$400M, Says Dan Ives: ‘Couldn’t Have Come At A Worse Possible Time’

Tennessee’s Governor, Bill Lee, voiced his support for the project, asserting that the state’s pro-business environment would be beneficial. He welcomed LG Chem’s investment in Tennessee.

CEO Shin Hak-cheol shared his vision for LG Chem, expressing that the new plant would position the company as North America’s leading cathode material supplier.

Furthermore, General Motors’ recent investment in Mitra Chem, an AI-enabled battery materials innovator, underscores the importance of advanced battery materials in the competitive EV market.

Image credits – Shutterstock

Read Next: Apple Issues Internal Memo Telling Employees Not To Guide Customers Where They Can Buy Watches