CLARKSVILLE, TN—Source: Dongwha Electrolyte selects Clarksville for $70M plant by Adam Sichko published by Nashville Business Journal
Gov. Bill Lee and Dongwha Electrolyte USA Inc. officials announced today that the company will establish manufacturing operations in the U.S., locating its first facility in Tennessee.
Dongwha Electrolyte's Clarksville operations will better position the company to serve electric vehicle lithium battery producers across the Southeast while supporting its growing customer demand for electrolyte and other electronic materials, the release said.
Dongwha Electrolyte's investment will further strengthen Tennessee's position as a leader in the electric vehicle industry. Since 2017, companies have pledged to create more than 12,000 new jobs and invested approximately $16 billion in the state through EV-related projects.
The South Korean company Dongwha Electrolyte is a supplier to the three largest economic development deals in Tennessee state history:
- Ford Motor Co.'s "Blue Oval City" electric vehicle campus in West Tennessee
- The Ultium Cells LLC battery assembly plant in Spring Hill
- The LG Chem battery materials project in Clarksville