By Collin Huguley, Staff Writer for the Charlotte Business Journal

The company behind a $140 million project serving the lithium battery industry has signed its lease at a massive Lincoln County industrial building.

Green New Energy Materials Inc. will fully occupy a 534,087-square-foot building at Lincoln Commerce Center West. The building at 1011 Lincoln Commerce Court was developed by Crow Holdings Development.

GNEM’s Jack Chen confirmed the company will begin moving into the building in October. GNEM announced in May plans to create 545 jobs in Lincoln County for its first U.S. manufacturing operation.

N.C. Department of Commerce documents from May show the parent company for GNEM is Shenzhen Senior Technology Material Co. Ltd. The China-based company makes lithium ion battery separators. Its products are widely used in the electric vehicles industry. GNEM has strategic partnerships with Samsung Group, Automotive Energy Supply Corp., LG Corp. and Northvolt.

GNEM is expected to create the new jobs from 2025 to 2029, state records show. The jobs will include an average annual wage of $57,934. That is above the Lincoln County average of $51,886.

Cushman & Wakefield‘s Matt Treble and Fermin Deoca represented Crow Holdings Development in the lease deal with GNEM.

The building leased by GNEM recently delivered and is the largest at Lincoln Commerce Center. The industrial park along N.C. Highway 16 has a western and eastern section. It will include around 2 million square feet of building space upon full buildout.

GNEM is not the first major manufacturing project to land at Lincoln Commerce Center. Late last year, shopping cart maker Wanzl North America signed on to occupy a 98,076-square-foot building there in a $10 million-plus expansion project.

The preceding article originally appeared on August 23, 2024 at the Charlotte Business Journal’s website and is made available here for educational purposes only. This constitutes a ‘fair use’ of any such copyrighted material as provided for in Title 17 U.S.C. section 106A-117 of the U.S. Copyright Law.