But that won’t stop the county’s plans to revitalize the ballpark. READ MOREĬounty still plans to ‘bring Stokes Field alive’ despite collapse of Northwest Little League: After more than 50 years of fielding teams, the Northwest Little League has disbanded. But she’s back! READ MOREīed Bath & Beyond closing in Clarksville along with over 250 stores nationwide: A household retailer is closing doors as part of a nationwide initiative to cut their brick-and-mortar operations in half. READ MOREĭuke’s Thai Food returns, with famous pad Thai, fried rice, spring rolls: The beloved Thai restaurant on Kraft Street closed years ago when Duke retired and moved to Florida. Motorcyclist dies from injuries in wreck on Providence Boulevard: The minivan turned in front of the motorcycle near Plum Street, and the motorcyclist has died from his injuries. IDB enters into option agreement with developer for convention center: The 69-acre site for the planned convention center is just northeast of Tennova Healthcare, where the developer will also build a hotel. Woodson found not guilty in home invasion that left intruder, victim dead: The lone suspect who didn’t take a plea in a 2021 home invasion slaying on Dandelion Drive has been found not guilty by a jury. Skyline 500, Clarksville’s first rooftop bar, opens this week: The rooftop bar on the top of Shelby’s Trio will feature signature drinks, tapas and more. Now, another company is looking to join the effort, bringing big benefits to the local work force. READ MOREĮV supplier to bring 68 high-wage jobs in $70 million project: EV battery manufacturing is ramping up in Clarksville, with big announcements from LG Chem and Microvast. economy.CLARKSVILLE, TN – Here’s a look at the top local news stories from Clarksville Now this week.ġ0-story building, Millan Center, planned downtown: A massive mixed-use development is headed for downtown, and it will become Clarksville’s tallest building. It added Biden had replied that the implementation of the law should account for the contribution of South Korean investment in the U.S. President Joe Biden to prevent discriminatory measures against South Korean companies, his office said.
That share will rise to 80% in 2027.Īutomakers such as Hyundai Motor and Kia Corp have been hit hard by the new law, which immediately ended credits for about 70% of the 72 car models that were previously eligible for EV subsidies.Īt this month's G20 summit, South Korean President Yoon Suk-yeol asked U.S. The Inflation Reduction Act will, among other measures, require from next year that at least 40% of the monetary value of critical minerals for batteries be from the United States or an American free-trade partner in order to qualify for U.S. GM has said it will use NCMA battery cathodes from LG Chem for a range of EVs using Ultium-branded batteries. The NCMA battery, which is about 90% nickel, allows manufacturers to reduce their reliance on expensive cobalt, and reduce their exposure to refining and processing in China.Ĭhina currently has 75% of the world's cobalt refining capacity and 50% of the lithium processing capacity, according to Benchmark Mineral Intelligence. LG Chem's new plant will make cathodes for batteries with a nickel, cobalt, manganese and aluminum (NCMA) chemistry. LGES, which supplies batteries to Tesla Inc, Ford Motor Co and Hyundai Motor Co among others, last month raised its 2022 revenue outlook to 25 trillion won ($18.4 billion) from 22 trillion, citing new projects from automakers. LG Chem is expected to supply cathode materials to Ultium Cells, a battery joint venture between General Motors and LG Chem's subsidiary LG Energy Solution Ltd (LGES). LG Chem added that it is also pursuing cooperation with mining firms and recycling companies to better support its customers so that requirements of the new law, the Inflation Reduction Act, can be met. Its shares climbed 1.9% on the news, outperforming a 0.3% decline for the broader market. The plant is slated to have an annual production capacity of 120,000 tons of cathode materials by 2027, enough to power about 1.2 million electric vehicles, it added.
Mass production is set to start outside of Clarksville in the second half of 2025 and the plant will create more than 850 jobs, LG Chem said in a statement. law was passed in August that puts automakers and battery suppliers relying heavily on China for sourcing at a cost disadvantage. It's one of the first major EV-related investments announced by a South Korean firm in the United States since a new U.S. SEOUL - South Korea's LG Chem Ltd said on Tuesday it will invest more than $3 billion to build a battery cathode factory in Tennessee, as it ramps up plans to meet rising demand for U.S.
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