LG Chem to Build $3.2 Billion Cathode Plant for EV Batteries

Date Published12/12/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name LG Chem Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):860
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):3200
Country(ies) from which reshored:Korea, Republic of
City reshored to:Clarksville
State(s) reshored to:TN
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredcathode materials (cobalt, nickel, aluminum)
What domestic positive factors made reshoring more attractive?Infrastructure, Proximity to customers/market, Raw Materials Cost
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