Piedmont To Build Lithium Plant In Tennessee For EV Market
Follow us on
Highlights
Piedmont Lithium Inc said on Thursday it will build a lithium processing plant in Tennessee to supply the rapidly-growing electric vehicle (EV) industry.
The move follows a U.S. government push for more domestic production of lithium, a critical metal for EV batteries. Last month's sweeping Inflation Reduction Act includes a $7,500 tax credit for EVs which contain certain elements mined or processed in the country.
Piedmont expects the Etowah, Tennessee facility to begin production in 2025, and believes it will be the largest lithium hydroxide processing site in the United States, with a target of 30,000 metric ton per year (tpy).
Belmont, North Carolina-based Piedmont said it will source the lithium concentrate for processing mainly from its international project investments. The firm is developing its projects in Quebec and Ghana as its North Carolina mine faces regulatory hurdles.
Piedmont said that the Tennessee facility will help bring its total U.S.-based production capacity to 60,000 tpy by 2026. The company added that current total U.S. production of lithium hydroxide is 15,000 tpy.
It plans to invest about $600 million to develop the facility and employ 120 people.
Last Updated on December 31, 2022
Great Deals on Used Cars
View All Used Cars
- 9,800 km
- Petrol+CNG
- Manual
- 46,630 km
- Petrol
- Automatic
- 17,459 km
- Petrol
- Manual
- 29,000 km
- Petrol
- Manual
- 73,810 km
- Petrol
- Manual
- 85,500 km
- Diesel
- Automatic
- 36,800 km
- Petrol
- Manual
- 65,400 km
- Diesel
- Automatic
- 48,000 km
- Diesel
- Manual
- 31,000 km
- Diesel
- Manual
Upcoming Cars
Upcoming Bikes
Explore More
11 hours ago
The Kia Sonet facelift is slated to be unveiled on December 14. The leaked brochure reveals details about its specifications, features and variants.
12 hours ago
Enyaq 85 SUV offers over 560 kms of range while the coupe variant sees range increased to over 570 km.
12 hours ago
The latest spy shots of the Tata Punch EV reveal the new LED DRL design on the offering, while the all-electric offering is expected to bring comprehensive upgrades.
12 hours ago
This support initiative will run for 10 days from 8 December to 18 December for customers of Tamil Nadu, Andhra Pradesh and Puducherry affected from the flash floods
12 hours ago
The manufacturer also said that it would hike the prices of its commercial vehicle range
13 hours ago
The motorcycle is powered by a 457 cc parallel-twin engine that churns out 47 bhp of max power
14 hours ago
Tata Motors will extend the vehicle warranty of customers affected by Cyclone Michaung, while the company is taking additional measures to improve accessibility to service their vehicles
16 hours ago
Along with monetary aid, Hyundai Motor India Foundation is also working with the state government to delivery emergency relief and essential commodities
16 hours ago
The carmaker said that rising input costs necessitated the revision in pricing.
17 hours ago
Jawa Yezdi motorcycles is holding a mega service camp in Cochin, Kerala from December 14-17 for owners to get free check-ups
