According to reports, LG Chem is planning to build a huge factory in Poland, which will produce batteries for electric vehicles. The factory, which is supposedly located in Wroclaw, is anticipated to make the company the globe’s largest battery supplier for plug-in vehicles.
LG Chem already has a facility in the country, so the expansion could also be favored by government incentives, as well as a need to boost production. Apart from the European factory, LG’s Chemical pision makes batteries in South Korea, China and the USA.
Insiders say that the company’s upcoming factory might offer batteries for 229,000 electric vehicles a year. However, it is unclear whether it has a single customer for the mentioned capacity or if it will share production between a number of companies.
Since LG Chem has a number of European automakers as partners, including Audi, Renault, Volkswagen, and Volvo, production might be shared between these brands.
Hamid Moaref has always been fascinated by cars and the automotive industry. His family has a longstanding association with the industry and has been in the tire business for the past 35 years. Raised in Dubai, Hamid attended Capilano University in Vancouver where he graduated with a BBA in marketing before attending an intensive course in magazine publishing in 2005. He has been the publisher and chief editor of Tires & Parts magazine for the past ten years.
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