South Korea-Based Dongwha Electrolyte USA Plans Clarksville, Tennessee, Production Plant
03/24/2023
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.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024