Electrolyte maker adds plant in Tennessee and more business news

Business tile / Photo courtesy of Getty Images

Electrolyte maker adds plant in Tennessee

Duksan Electera America Inc. announced Wednesday it will invest $95 million to locate its first North American manufacturing facility in Shelbyville, Tennessee.

A branch of South Korean-based Duksan Group, Duksan Electera will create 101 new jobs in Bedford County over the next five years. As an electrolyte manufacturer for the electric vehicle battery industry, Duksan Electera's expansion to Tennessee will position the company to be geographically closer to its core customer base.

The Shelbyville location will help supply roughly 60,000 tons of electrolytes to battery makers in the southeastern U.S.

Founded in 2021, as a subsidiary of Duksan Technopia Co., Ltd., Duksan Electera is part of the Duksan Group, a South Korean-based advanced material manufacturer. Duksan Electera supports its parent company through the manufacturing of electrolytes for the electric vehicle battery sector.