batteries, battery cells, cathodes, joint venture, kentucky, lotte aluminium, lotte chemical, suppliers

The South Korean chemical company Lotte Chemical, together with Lotte Aluminium, is building a factory in the US state of Kentucky for the production of cathode foils for use in batteries for electric vehicles. The factory in Hardin County is scheduled to go into operation in 2025 and produce 36,000 tonnes of cathode foils.

The plant will reportedly create 122 jobs. In total, the joint venture of the two Lotte Group entities will invest $238.7 million in the plant, according to Kentucky Governor Andy Beshear’s office.

The governor’s announcement only mentions in passing the actual background to the siting of the Lotte plant: Ford and SK On had announced the construction of a 600-hectare battery production complex called BlueOvalSK Battery Park last September. The $5.8 billion project envisions two side-by-side factories, each with an output of up to 43 gigawatt-hours per year, starting production in 2025.

The BlueOvalSK Battery Park is also to be built in Hardin County, specifically on land in the Glendale community. Lotte’s factory is planned a few miles further north in Elizabethtown.

“We will do our best to develop and support technology so that we can stably produce high-quality and high-efficiency cathode foils to respond to customers one step at a time,” said Kim Gyo Hyun, president and CEO of Lotte Chemical. At the end of April 2022, Lotte Chemical and the battery start-up Soelect, which is backed by General Motors among others, had announced their intention to build a factory for battery materials for use in electric vehicles in the USA by 2025. The now announced site in Kentucky is a separate project.

Kentucky has developed into an important eMobility location – also due to its favourable location between the car plants in the north in Michigan and Ohio and in the south in Tennessee, Alabama or North Carolina. Toyota plans to manufacture fuel cells for H2 trucks there, Ascend Elements wants to produce battery materials there and Envision AESC announced in April that it will build its US battery factory in Bowling Green in Warren County. Kentucky is also still in the running for CATL’s major US site, along with South Carolina.

apnews.com, kentucky.gov

TECH NEWS RELATED

F1 2022 Singapore Grand Prix: Championship Standings

Max Verstappen (NLD) Red Bull Racing RB18. 02.10.2022. Formula 1 World Championship, Rd 17, Singapore Grand Prix, Marina Bay Street Circuit, Singapore, Race Day. – www.xpbimages.com, EMail: requests@xpbimages.com © Copyright: Charniaux / XPB Images The Singapore Grand Prix marked the 17th round of the 22-round calendar. The race was ...

View more: F1 2022 Singapore Grand Prix: Championship Standings

Prices Increase for a New 2023 Nissan Frontier

Nissan has increased the prices a bit for its 2023 Frontier truck. The new, base, S King Cab 4×2 starts at $29,190. If you can still find a 2022 on a lot, it starts at $28,690. After an eternity on the market, the Frontier was completely redesigned for 2022 and ...

View more: Prices Increase for a New 2023 Nissan Frontier

Kia SUVs: A Guide to the Brand’s Latest Crossovers

Kia is one of the most popular automakers in the American car market, and like many other automakers, Kia has several crossover options in its lineup. Kia has crossover SUV options that span many segments as well, which will give car shoppers many options to think about. Here’s a look ...

View more: Kia SUVs: A Guide to the Brand’s Latest Crossovers

Everything You Get In a Fully Loaded 2023 Toyota Camry Hybrid

Despite the onslaught of electric vehicles (EVs), hybrid cars, like the 2023 Toyota Camry Hybrid, continue providing fuel-sipping performance without the range anxiety of a battery-powered vehicle. While a fully loaded Toyota Camry Hybrid is more expensive than the comparable non-hybrid Camry XSE, the increased fuel economy could pay you ...

View more: Everything You Get In a Fully Loaded 2023 Toyota Camry Hybrid

Only 1 American Manufacturer Still Doesn’t Offer a Pickup Truck with a Supercharged V8

The supertruck is here. Automakers are now giving a level of attention previously reserved for flagship supercars to a new class of off-road trucks. Examples include the Ford F-150 Raptor R and the Hellcat-powered Ram 1500 TRX. While General Motors builds several capable off-road pickup trucks, it has not bothered ...

View more: Only 1 American Manufacturer Still Doesn’t Offer a Pickup Truck with a Supercharged V8

F1 2022 Singapore Grand Prix: Race Result

Sergio Perez (MEX) Red Bull Racing RB18 leads at the start of the race. 02.10.2022. Formula 1 World Championship, Rd 17, Singapore Grand Prix, Marina Bay Street Circuit, Singapore, Race Day. – www.xpbimages.com, EMail: requests@xpbimages.com © Copyright: Batchelor / XPB Images Sergio Perez claimed victory in the Singapore Grand ...

View more: F1 2022 Singapore Grand Prix: Race Result

Perez fends off Leclerc for Singapore GP victory

Sergio Perez has taken his second grand prix win of the 2022 Formula 1 season, fending off an attack from Charles Leclerc en route to victory. The pair battled for position in the final stages of the race, after the drivers had switched from Intermediate tyres to slick compounds. ...

View more: Perez fends off Leclerc for Singapore GP victory

Tesla output forecast shows jump in Q4, growth through 2023

Tesla plans to push global production of its top-selling Model Y and Model 3 electric vehicles sharply higher in the fourth quarter and build on that growth in 2023 as newer factories in Austin and Berlin ramp production, internal plans reviewed by Reuters show. Tesla’s production forecast, if achieved, ...

View more: Tesla output forecast shows jump in Q4, growth through 2023

Do I Need to Replace My Car’s Fuel Filter?

Latifi handed five-place penalty for Japanese Grand Prix

Ezra Dyer: Legend Race Cars May Look Goofy But They're Serious Fun

What is Cost of setting up an electric car charging station in india?

4 Things Consumer Reports Hates About the 2023 Jeep Wrangler

The Arai SZ-R VAS Jet Helmet Gets A Sena Kit

Fully Electric Citroën C3 Due In 2023

Hight Focuses On The Big Picture At Midwest Nationals

Mercedes says trade deal could make India an export hub

Tesla Could Produce As Many Cars As BMW In 2023

Back From The Dead? Faraday Future Raises $100 Million, Hopes To Finally Launch FF91

Tesla Autopilot Likely Saved This Woman's Life

OTHER TECH NEWS

Top Car News Car News