The South Korean company is planning to build a new EV battery plant in Poland, in order to meet the increasing demand from European manufacturers.
A source with knowledge of the matter spoke to Reuters, saying that the plant will be completed in about 18 months.
The factory will be located in Wroclaw, Poland and will have a production capacity of 229,000 EV batteries per year, making it the second-biggest factory of its kind for LG Chem, following their production facilities in China.
The company is supplying with battery packs a total of 25 car companies globally, including VW, Audi, Volvo and Renault in Europe while they are also GM’s official battery supplier for the upcoming Chevrolet Bolt.
They have production facilities established also in South Korea and USA, with a spokesman previously saying that they were considering adding a new production facility without providing more info.
LG Chem’s new battery factory news came after their rival Samsung SDI -who provide batteries to BMW among others- said they were also considering building a factory in Europe and a report on Tesla discussing the possibility of using one of France’s former nuclear plants as a manufacturing facility.
Note: Chevrolet Bolt’s Battery pack pictured