North Carolina Construction News staff writer
China-based Green New Energy Materials, Inc., a manufacturer of crucial components for lithium-ion batteries, will build a manufacturing facility in Lincoln County, its first U.S. site and an investment of about $140 million.
“North Carolina’s stride in the clean energy sector gains traction by the day, ushering in substantial manufacturing opportunities that will bolster the livelihoods of families in Lincoln County and statewide,” Gov. Roy Cooper said in a statement. “This investment underscores the economic potential that clean energy brings to our communities.”
Green New Energy Materials (GNEM), in collaboration with strategic partners including LG, Samsung, SKI, AESC, and Northvolt, manufactures battery separator products for the lithium-ion battery industry.
The company is involved in research and development, manufacturing, and sales of these vital battery components, extensively utilized in electric vehicles, energy storage systems, electric tools, and various industrial applications.
The Lincoln County site will allow the company to serve customers across North America.
“We extend our heartfelt appreciation for the steadfast support from the State of North Carolina and Lincoln County for our initiative,” said Jay Zhu, General Manager for Green New Energy Materials. “The United States has always been integral to GNEM’s strategic vision of establishing clean energy supply chains globally.
“We are bringing decades of refined technologies to the forefront of the clean energy revolution, right here in North Carolina.”