Installation of an electric vehicle charging plant for the Tennessee site

NASHVILLE, Tennessee — An Australian electric vehicle charging company will establish its first U.S. manufacturing plant in Tennessee, an announcement President Joe Biden hailed on Tuesday as the result of federal government efforts to build a nationwide network of chargers. electric vehicles.

Tritium is expected to produce up to 30,000 charging stations a year and create 500 new jobs over the next five years at the new facility based in Lebanon, about 30 miles east of Nashville.

Biden welcomed the Tritium announcement in remarks at the White House, saying charging stations produced in Tennessee will mirror the bipartisan infrastructure deal, which provides $7.5 billion in federal grants for build a network of charging stations.

“It’s going to create more than 500 well-paying jobs in Tennessee, but it’s going to provide greater dignity and a bit more respite for workers and their families,” Biden said.

Tritium chief executive Jane Hunter said Biden’s investments in electric vehicles have led the company “to pivot and shift our global manufacturing strategy.”

The company’s stock price jumped nearly 40% on Tuesday.

Ford Motor Cop. and South Korean battery maker SK Innovation announced in September that they would spend $5.6 billion to build an F-series electric pickup factory near Memphis. The project, located near the small town of Stanton in rural Haywood County, is expected to create approximately 5,800 new jobs by 2025.

“Tennessee is at the forefront of the evolution of electric vehicles, and we are proud to have another global company join the list of companies supporting this thriving industry in our state,” said the Commissioner of Economic and Community Development for Tennessee. Tennessee, Bob Rolfe, in a statement.

Information for this article was provided by Josh Boak of The Associated Press.