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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.

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DOE: EV battery manufacturing capacity in N America in 2030 projected to be nearly 20 times greater than in 2021

Green Car Congress

A wave of new planned electric vehicle battery plants will increase North America’s battery manufacturing capacity from 55 Gigawatt-hours per year (GWh/year) in 2021 to 998 GWh/year by 2030, according to the US Department of Energy (DOE).

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LG Chem plans $3B EV battery material plant in Tennessee

Green Car Reports

LG Chem announced Tuesday that it’s planning a mammoth cathode material plant in Tennessee that will aid U.S. domestic electric vehicle battery production. and once running at capacity it will be able to produce 120,000 tons of the cathode battery material—enough.

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DOE announces $2.5B loan to Ultium Cells for three US battery cell manufacturing facilities

Green Car Congress

billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan. The announcement marks LPO’s first closed loan exclusively for a battery cell manufacturing project under the Advanced Technology Vehicles Manufacturing (ATVM) program.

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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.

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DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. The US Department of Energy (DOE) is awarding a combined $2.8 Earlier post.) Of that, $1.6

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DOE awarding $73.9M to 10 battery recycling projects

Green Car Congress

million in funding for 10 projects to advance technologies and processes for electric vehicle (EV) battery recycling and reuse. Advanced batteries are vital to the entire clean energy economy, but the US currently does not produce enough of the critical minerals and battery materials needed to power clean energy technologies.