LG Chem will open in Europe battery plant for electric vehicles

17 October 2017

Factory will work in 2018

In 2018, LG Chem plans to open in Europe plant for production of traction batteries. Its launch will Herald a significant increase in demand for electric vehicles. At according to Reuters, the factory will be located in Poland, South of wrocław. The total investment in this area is estimated at 1.63 billion dollars.

LG Chem said that the plant will provide the production of batteries for 100 000 electric cars a year. The list of potential buyers of battery until reveals. We only know that they are both major players in the European market.

"The company chose Poland to as the most competitive place for production to meet the needs of European and global car manufacturers," said Vice President of LG Chem Chang-Beom Kang (Chang-Beom Kang).

For the European plant is still required to bring the lithium and other raw materials from Asia. However, in the future, LG Chem still intends to work more closely with local suppliers. Factory of the South Korean company will become the largest in Europe. In the future, to open in the Old world of the own production site mean the Volkswagen and the Tesla.

Today, LG Chem is one of the world leaders in the production of traction batteries. The company supplies batteries for electric cars Both Chevrolet, Renault ZOE and the Ford Focus Electric. Also battery LG Chem used in hybrids Chevrolet Volt and Volvo XC90.