Chinese EV battery firm eyes Louisiana for new facility
In Louisiana, Louisiana Illuminator reported that a Chinese firm that produces chemicals for the electric vehicle (EV) battery sector is considering expanding into Louisiana with a new facility in Ascension Parish. Capchem Technology USA, a subsidiary of Shenzhen Capchem Technology Co., announced it is evaluating plans to invest $350 million to build an integrated carbonate solvent and lithium-ion battery electrolyte manufacturing facility that would be the largest of its kind in the United States, according to Louisiana Economic Development (LED). The report noted that the company expects to create 95 new full-time jobs with an average annual salary of $71,000. The facility would have the capacity to produce 200,000 tons of solvent and 100,000 tons of electrolyte annually. “Capchem USA’s consideration of a new EV battery-related manufacturing facility underscores yet again how Louisiana’s commitment to sustainability can strengthen our economy,” Governor John Bel Edwards said in LED’s statement. “If the project comes to fruition, Capchem would bring cutting-edge technology to Ascension Parish, create high-paying jobs for our skilled manufacturing workforce and reinforce our state’s standing as a global hub of energy innovation and investment.”
