LG to Open Europe’s Biggest Car Battery Factory; Output 100,000 EV Packs Per Year
October 12th, 2017Via: Reuters:
South Korea’s LG Chem will open Europe’s largest lithium-ion battery factory in Poland next year as the region’s auto industry gears up to mass produce electric cars.
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LG Chem plans to spend 5.9 billion zlotys ($1.63 billion) on the factory near the southwestern city of Wroclaw, according to Polish state industry agency ARP.
Wroclaw is 190 kilometers (118 miles) from the border with Germany, home of VW Group which plans to invest more than 20 billion euros ($24 billion) in zero-emission vehicles by 2030 and make 3 million electric vehicles (EVs) a year by 2025.
LG Chem expects to produce up to 100,000 EV batteries in Poland annually from next year, it said on Thursday in a statement.
