Microvast Holdings Inc. stated it would make investments $504 million within the creation of a polyaramid separator plant in Hopkinsville, Ky.

The battery producer of Texas makes lithium ion batteries for electrical automobiles and vitality storage techniques. The mission will create as much as 562 new full-time jobs, the corporate stated.

“We intend to construct the world’s first mass manufacturing facility for our innovative polyaramid separator know-how,” Microvast CEO Yang Wu stated in an announcement.

“This materials took over 10 years to develop internally and we consider it provides vital security benefits in comparison with different polypropylene or polyethylene separator know-how obtainable at the moment. We’re happy to increase our manufacturing footprint into Kentucky because it continues to place itself as a frontrunner in EV manufacturing and are desperate to work intently with the local people as we start building.”

Building on a 100-acre web site in Commerce Park II in Hopkinsville will start in 2023 and is anticipated to conclude in 2025.

The campus will embody a collaboration with Normal Motors and is predicted to be partly funded by a $200 million grant from the U.S. Division of Vitality as a part of the Bipartisan Infrastructure Regulation, the corporate stated in an announcement.

“We anticipate the protection benefits of our progressive, extremely thermally steady polyaramid separators to remodel high-energy lithium ion battery improvement and drive vital worth for the trade,” stated Dr. Wenjuan Mattis, chief know-how officer at Microvast.

Microvast’s patented polyaramid separator can resist temperatures over 572 levels Fahrenheit. This resistance, paired with excessive porosity, wettability and electrolyte retention, improves the general security, fast-charging and cycle-life of lithium ion EV batteries, the corporate stated in a launch.