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South Korea’s LG Chem to invest $3bn in US plant for EV parts

LG Chem South Korea Joe Biden electric vehicle

South Korea's LG Chem is investing $3bn in the construction of a manufacturing plant for electric vehicle components in the United States [File: Kim Hong-Ji/Reuters]

South Korea’s LG Chem has announced plans to invest $3bn in the construction of a manufacturing facility for electric vehicle components in the United States.

The battery cathode production facility in Clarksville, Tennessee, will be the largest of its kind in the US, creating more than 850 jobs, LG Chem said in a statement on Tuesday.

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