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A company that will supply the factory which will make batteries for electric vehicles assembled at Volkswagen's Chattanooga plant is building two new facilities in North Georgia in a $61.3 million investment.

South Korean manufacturer Enchem Ltd. will build two manufacturing plants in Jackson County northeast of Atlanta creating more than 300 jobs, according to Georgia Gov. Brian Kemp.

Enchem specializes in the development and manufacturing of electrolytes for rechargeable batteries and electrostatic double-layer capacitors, according to the state.

Enchem is the first announced supplier for SK innovation, which broke ground in Jackson County in March 2019 on its $1.67 billion battery manufacturing plant.

SK Innovation plans to supply Chattanooga's VW plant with the batteries to power the electric vehicles the German automaker will assemble starting in 2022.

VW late last year broke ground on an $800 million expansion in Chattanooga to produce a new electric SUV by 2022 that will employ up to 1,000 more workers.

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