The Inflation Reduction Act continues to drive new investment in America, just as it was intended to do. LG Chem announced this week it will build a new $3 billion cathode manufacturing facility in Clarksville, Tennessee. When complete, it will be the largest factory of its kind in the United States.
The Clarksville facility will cover 420 acres and is expected to produce 120,000 tons of cathode material annually when it reaches full production in 2027. That’s enough to power 1.2 million electric vehicles with batteries large enough for a range of 300 miles or more.
