Semcorp, a Shanghai-based producer of electric vehicle battery materials, plans to invest $916 million in a manufacturing plant in Sidney, Ohio, the company said Thursday.
The facility will make separator film for EV batteries. Semcorp, also known as Shanghai Energy New Materials Technology Co., is the world’s largest maker of separator film, a key component in batteries.
Ohio is located in the U.S. midwest, an emerging hub of EV battery output.
The company, which is listed on the Shenzhen stock exchange in China, said the Ohio plant will employ nearly 1,200. It did not provide a timeline for construction or production.
