Dongwha Electrolyte USA Inc. has chosen Clarksville, Tennessee, as the location for its first U.S. facility. The company, which produces electrolytes used in lithium batteries, will invest $70 million into the project and create 68 new jobs.
In a recent quote, SiJoon Lee, group CEO of Dongwha Electrolyte USA Inc., said, “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.”
Tennessee Governor Bill Lee added, “Tennessee continues to lead the automotive industry, thanks to our unmatched business climate and skilled workforce. I thank this company for choosing Tennessee as its first U.S. location and creating high-quality jobs for Tennesseans across Montgomery County.”
Investing in American Manufacturing - 2023
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.