LG Chem, a South Korea-based manufacturer of advanced batteries, is set to build a KRW400bn ($358M) electric vehicle (EV) battery plant in Wrocław, Poland.
The 41,300sq m facility will be constructed inside the LG cluster located in Kobierzyce Commune near Wrocław in southwestern Poland. It will have an annual production capacity of over 100,000 batteries that can drive electric vehicles up to 320km once charged.
LG Chem Energy Solution Company president UB Lee said: “We will turn the Poland EV battery plant into a Mecca of battery production for electric vehicles around the world.
“As LG Chem's Poland EV battery plant is the first large-scale automotive lithium battery production plant in Europe, it will play the role of vitalizing the electric vehicle industry across the whole Europe. We will put all our efforts into making the plant into a main production hub for EV batteries.”
The plant is expected to commence operations in the second half of 2017.
* For more information on the Poland construction market, visit the Construction Intelligence Center Report Store.