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Tennessee Gov. Bill Lee and Department of Economic and Community Development Commissioner Stuart C. McWhorter announced today that Magna will invest more than $790 million to build the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton, Tennessee. In addition to the two West Tennessee locations, Magna will also build a stamping and assembly facility in Lawrenceburg, Tennessee. Combined, Magna will create approximately 1,300 new jobs in Tennessee.

Ford and SK Innovation will invest $5.6 billion to build a 3,600-acre mega campus called Blue Oval City on the Memphis Regional Megasite, where production of next generation all-electric F-Series trucks will begin in 2025. The project will result in the creation of 5,800 new jobs in West Tennessee.

Stevens Mill Solar in Wayne County is a solar facility planned on farmland off Stevens Mill Road with 80 MW of capacity.

Sweetleaf Solar in Halifax County is a solar farm with 93 MW, which would make it the state’s seventh largest solar generator.

American Beech Solar in Halifax County is planned to be the state’s third largest solar farm, with 110 MW of capacity.

Albemarle Corporation (NYSE: ALB), a global leader in the specialty chemicals industry, announced it has been awarded a nearly $150 million grant from the U.S. Department of Energy (DOE) as part of the first set of projects funded by the President's Bipartisan Infrastructure Law to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. The grant funding is intended to support a portion of the anticipated cost to construct a new, commercial-scale U.S.-based lithium concentrator facility at Albemarle's Kings Mountain, North Carolina, location.

Epsilon Advanced Materials, a global provider of synthetic graphite used in electric vehicle batteries, announced today it will invest $649.9 million in a new manufacturing facility outside of Wilmington, North Carolina. The project, which will create 500 jobs in Brunswick County, will be one of the largest economic development announcements in the Southeast part of the state in the past 10 years and the largest-ever investment in North Carolina by a company from India.

Dai Nippon Printing Co., Ltd. (DNP), a lithium-ion battery pouch manufacturer, will create 352 new jobs in Davidson County, Governor Roy Cooper announced today. The company will invest $233 million to build its first U.S. advanced manufacturing facility in the City of Linwood.

Construction began in July 2023, integrating into the Triangle Innovation Point megasite, and is projected to generate $529 million in property tax revenue over 20 years.

Natron Energy said on Thursday it planned to invest $1.4 billion in a sodium-ion battery manufacturing plant in North Carolina, potentially raising the company's production capacity by 40 times. The facility, located in Edgecombe County of the state, will produce 24 gigawatts (GW) of battery storage at full capacity on an annual basis.