Beshear: Electric vehicle battery tech plant to bring 500+ jobs to one Kentucky town
Another investment in electric vehicle battery technology production will bring more than 500 jobs to Hopkinsville, according to Kentucky Gov. Andy Beshear.
In a Thursday release, Beshear said Texas-based Microvast Advanced Membrane is planning to build a more than $500 million facility on about 100 acres in the southern Kentucky town, an investment that he said should create 562 full-time jobs.
Construction will begin this year and should be complete by March 2025 on the facility, which will produce synthetic polymers used in electric vehicle batteries.
Kentucky has seen several notable investments in electric vehicle battery production in recent years, most notably the BlueOval SK Battery Park in Glendale. That $5.8 billion project, a joint venture between Ford and SK, is expected to start production in 2025 and should create an estimated 5,000 jobs in Kentucky. The release from Beshear said the Bluegrass State has seen more than $10.5 billion in electric vehicle-related investments since June 2020.
What to know: Ford to create 5,000 jobs with new Hardin County battery plants to power electric vehicles
“Kentucky continues to position itself as the top EV-related manufacturing location in the country,” Beshear said in a release (he did not host his weekly press conference Thursday in the aftermath of the fatal Black Hawk helicopter crash in Fort Campbell). “We are committed to creating an environment where the industries of the future can grow and thrive right here in the commonwealth, and Microvast’s investment is a huge step toward that goal."
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This article originally appeared on Louisville Courier Journal: Hopkinsville, Kentucky lands 500+ jobs in new Microvast investment