Piedmont Lithium Inc reported on Thursday it will develop a lithium processing plant in Tennessee to source the fast-rising electric car or truck (EV) field.

The go follows a U.S. government drive for much more domestic generation of lithium, a vital metal for EV batteries. Previous month’s sweeping Inflation Reduction Act contains a $7,500 tax credit rating for EVs which have selected components mined or processed in the state.

Piedmont expects the Etowah, Tennessee facility to get started production in 2025, and believes it will be the major lithium hydroxide processing web page in the United States, with a focus on of 30,000 metric ton per 12 months (tpy).

Belmont, North Carolina-based Piedmont claimed it will supply the lithium focus for processing mostly from its international task investments. The organization is acquiring its initiatives in Quebec and Ghana as its North Carolina mine faces regulatory hurdles.

Piedmont reported that the Tennessee facility will assistance convey its full U.S.-based creation ability to 60,000 tpy by 2026. The business included that existing overall U.S. manufacturing of lithium hydroxide is 15,000 tpy.

It strategies to spend about $600 million to produce the facility and utilize 120 people.

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