Skip to content

October 13, 2017

LG will build Europe’s biggest EV battery factory next year

by John_A

As the auto industry fatefully moves into electric vehicles, Europe’s major car-makers need high capacity batteries. Until now, companies like VW, Volvo and BMW have had to import batteries from Asia. LG’s forthcoming car battery factory in Poland, the first in Europe, hopes to fulfil that growing demand. “The company has chosen Poland as the most competitive location for production to satisfy the needs of European and global car producers,” said Chang-Beom Kang, vice president at LG Chem. The facility will cost $1.63 million, based in the city of Wroclaw which is close to the country’s border with Germany. (In case you didn’t know, Germany is a major car manufacturing country.)

The company’s chemical arm is planning to manufacture up to 100,000 EV batteries starting next year, recruiting 2,500 people in the process. According to Reuters, the factory will also include an R&D center.

While the factory may sound big enough, LG Chem’s production estimates place it at around 10 percent of the capacity of Tesla’s Gigafactory estimates for 2018. Demand is ramping up in Europe, and this is likely just the start. Paris stated today that it aimed to ban the sales of new fossil fuel car by the year 2030, while both France as a country, and the UK, aim to ban the sale of combustion engine vehicles by 2040.

Source: Reuters

Advertisements
Read more from News

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Note: HTML is allowed. Your email address will never be published.

Subscribe to comments

%d bloggers like this: