LG Chem has decided to set up Europe’s largest batteries factory for electrical car in Poland. The plant is being constructed in Wrocław-Kobierzyce of Tarnobrzeg Special Economic Zone Euro-Park Wisłosan. To be completed by the end of 2018, the plant will produce 100,000 electric vehicle batteries annually, and will deliver its products to the top European car makers. 

Besides, LG Chem recently also invested KRW 436 bn in LG Chem Wroclaw Energy, a subsidiary operating the battery plant in Poland, and posted a debt guarantee of KRW 872 bn.

"The project brings new quality for FDI in Poland and is a milestone in the development of electromobility. Thanks to LG’s investment, Poland will become the main hub of li-on batteries production for automotive industry in Europe," said Mateusz Morawiecki, Deputy Prime Minister and Minister of Development and Finance, Poland.

Explaining the reason to select Poland to set up the plant, Chang-Beom Kang, Vice President, LG Chem said that Poland is chosen to deal with automotive OEM customers in Europe as well as globally. “The factory to be constructed, which is applied by “Smart Factory” system, will produce state-of-the-art Li-ion batteries for Electromobility and Energy Storage System (ESS). We have a plan to nurture Wrocław as a global hub of Electromobility industry through further investment in the area, keeping pace with growth of Electromobility market," he added.