Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

South Korea-Based Dongwha Electrolyte USA Plans Clarksville, Tennessee, Production Plant

03/24/2023
South Korea-based Dongwha Electrolyte USA Inc. will establish manufacturing operations in Clarksville, Tennessee. The $70 million project is expected to create 68 jobs in Montgomery County.

Located on Guthrie Highway, the facility will better position the company to serve electric vehicle lithium battery producers across the Southeast while also supporting its growing customer demand for electrolyte and other electronic materials.

“We are enthusiastic to participate in this journey of achieving 50-percent of electric vehicle shares by 2030 together with our customers in North America. The 80,000 tons of electrolyte capacity will provide the best electrochemical technologies into the market to achieve this goal. We appreciate the strong support from the State of Tennessee and Montgomery County to realize this investment,” SiJoon Lee, group CEO of Dongwha Electrolyte USA Inc. said.

Dongwha Electrolyte USA Inc. is a subsidiary of South Korean-based Dongwha Enterprise Co., Ltd. The company specializes in the production of high-performance and high-stability electrolytes used in lithium batteries by battery-related companies around the globe.

“We are proud to welcome Dongwha Electrolyte to Tennessee. Companies always have a choice in where they choose to invest and do business, and today’s announcement highlights another significant global brand that has chosen to place its trust in our state and exceptional business climate, which will further amplify Dongwha Electrolytes success in the electric vehicle industry,” TNECD Commissioner Stuart McWhorter noted.

“We are excited to welcome Dongwha Electrolyte to our community and eager to watch the EV sector grow in Clarksville Montgomery County. This project brings more than jobs; Dongha Electrolyte is committed to providing dedicated training and building career paths with high-quality wage opportunities,” Shea Hopkins, Vice President of Industrial Development, Clarksville-Montgomery County Economic Development Council added.

Share

Exclusive Research