A South Korean electrolyte manufacturer will be locating their first U.S. facility in Clarksville.
According to a news release, Dongwha Electrolyte will invest more than $70 million and create 68 new jobs in Montgomery County, located on Guthrie Highway, and the operations will better position the company to serve electric vehicle lithium battery producers across the Southeast while also supporting its growing customer demand for electrolyte and other electronic materials.
The company specializes in the production of high-performance and high-stability electrolytes used in lithium batteries by battery-related companies around the globe.
Governor Bill Lee says, “Tennessee continues to lead the automotive industry, thanks to our unmatched business climate and skilled workforce. I thank this company for choosing Tennessee as its first U.S. location and creating high-quality jobs for Tennesseans across Montgomery County.”