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LG Chem to invest $3.2B to build NCMA cathode plant in Tennessee; 120,000 tpa

Green Car Congress

LG Chem today has signed a memorandum of understanding (MOU) with the state of Tennessee to establish a new cathode manufacturing facility in Clarksville with an investment of US$3.2 million pure electric vehicles with a range of 310 miles (500 km) per charge. billion) in 2022 to KRW 20 trillion (US$14.7 billion) by 2027.

Tennessee 259
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Magna to invest $790M to build three facilities in Tennessee; supporting Ford BlueOval City

Green Car Congress

Magna International will invest more than $790 million to build the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton, Tennessee. In addition to the two West Tennessee locations, Magna will also build a stamping and assembly facility in Lawrenceburg, Tennessee.

Tennessee 150
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SK On, Westwater Resources to develop anode materials; boosting raw battery material supply chain in N America

Green Car Congress

SK On, a leading electric vehicle (EV) battery manufacturer, signed a joint development agreement (JDA) with US graphite company Westwater Resources (WWR) as part of efforts to strengthen its battery raw material supply chain in North America following the enactment of the Inflation Reduction Act (IRA).

America 243
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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

Green Car Congress

SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs). Earlier post.).

Supplies 293
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Phillips 66 taking 16% stake in synthetic graphite supplier NOVONIX; building US-based battery supply chain

Green Car Congress

Phillips 66 has entered into an agreement to acquire a 16% stake in NOVONIX Limited, an Australia-based company that develops and supplies synthetic graphite materials for lithium-ion battery anodes. This strategic investment enables Phillips 66 to directly support the development of the US battery supply chain.

Supplies 186
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GM and Element 25 to expand US EV supply chain with domestic manganese sulfate production

Green Car Congress

General Motors and Australia-based Element 25 Limited announced an agreement for Element 25 to supply up to 32,500 metric tons of manganese sulfate (MnSO 4 ) annually to support the annual production of more than 1 million GM EVs in North America. GM continues to strengthen its domestic supply base for EV production.

GM 195
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Panasonic Energy signs agreement for synthetic graphite supply in EV battery production

Teslarati

Panasonic Energy parentheses with Novonix for a supply of sustainable graphite for electric vehicle (EV) battery production. Panasonic Energy aims to strengthen its supply chain in North America while reducing its environmental impact. Novonix is expected to ship synthetic graphite from Tennessee starting in 2025.

Supplies 109