LG Chem to invest over PLN 1.3 bln to produce electric car batteries
11:10
South Korean LG Chem will invest over PLN 1.3 billion by the end of 2018 to build a factory to produce batteries for electric cars, the Ministry of Development has announced. The plant will be built in Kobierzyce near Wrocław.
“Over 700 new jobs will be created. The investment will be located in the LG Cluster in Biskupice Podgórne, which is part of the Tarnobrzeg Special Economic Zone. The plant will produce over 100,000 batteries annually, exclusively for high-efficiency electric cars which can travel 320 km on a single charge,” according to the ministry.
This will be the first factory to mass produce lithium batteries for the European automotive sector. The plant in Poland will be part of LG Chem's global production system.
