LG Chem to build $3.2B battery cathode plant in TennesseeCLARKSVILLE, Tenn. (AP) — Tennessee officials on Monday announced plans to invest $3.2 billion to develop a cathode materials plant for electric vehicle batteries.“LG Chem’s decision to invest $3.2 billion in Clarksville is a testament to Tennessee’s unmatched business climate, skilled workforce and position as a leader in the automotive industry,” Gov.Once operational, the goal is to produce 120,000 tons of cathode battery materials annually — or enough to power 1.2 million electric vehicle batteries.“The new cathode manufacturing facility in Tennessee brings us one step closer to becoming the world’s best battery materials manufacturer and fulfilling our corporate vision to become a top global science company,” said LG Chem CEO Shin Hak-Cheol in a statement.“This site will be the North American manufacturing center of excellence for the cathode supply chain and lead to the creation of many well-paying jobs, contributing to the local economy in Clarksville.”Across Tennessee, companies have invested $12.7 billion in the state through EV-related projects since 2017."