LG Chem said it attended the Tennessee Manufacturing Forum held in Nashville, Tennessee, on the 28th (local time) to discuss policy cooperation measures for the development of high-tech industries in the United States.
The forum was hosted by the Tennessee Chamber of Commerce and Industry and is a place where major stakeholders from companies, government and academia gather to discuss policies and the role of the government in revitalizing the local manufacturing industry.
Among Korean companies, Ko Yoon-joo, executive director of LG Chem's Chief Sustainable Strategy Officer (CSSO), was the only one who participated in the panel. Koh discussed creating an ecosystem of high-tech industries in the United States and internalizing materials supply chains with Tennessee Deputy Secretary of State Ellen Borden, the American Chemical Society and Tennessee State University officials.
Koh will emphasize the importance of the cathode material plant that LG Chem is currently building in Clarksville, Tennessee. "The Tennessee plant will lay the foundation for self-sufficiency in the United States of key materials for electric vehicle batteries and contribute to expanding market share," Koh said.
LG Chem is building a factory that can produce 60,000 tons of cathode materials annually by investing about 2 trillion won, and the site is a total of 1.7 million square meters. The plant, which is expected to operate next year, is expected to become the largest production base in the United States capable of supplying high-performance cathode materials that can fit about 600,000 pure electric vehicles (EVs).
