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Dongwha Electrolyte, a subsidiary of Dongwha Enterprise, is entering the U.S. battery market as it starts to build a $70 million electrolyte plant in Clarksville, Tennessee, the company said Wednesday.
Dongwha Electrolyte has determined the size of investments for its new electrolyte manufacturing plant in the U.S., as well as the factory s production capacity, the affiliate of Dongwha Enterprise, said Monday. The company will invest over $70 million to build the new manufacturing plant on a 162,000-square-meter site in Clarksville, Tennessee.