Seoul, Oct. 6, 2016 – LG Chem, Korea’s leading manufacturer of advanced batteries, announced today that it would start construction of an Electric Vehicle (EV) battery plant in Wrocław, Poland.
Firstly, LG Chem will invest approximately 400 billion KRW in the plant by the end of 2018. As well, when the investment is complete, the plant will have the production capacity that can provide more than 100,000 batteries per year. That’s for pure high-performance EVs that can run up to 320 km once charged. The plant is the first large-scale lithium-ion battery plant for automotive application in Europe.
In addition and once the Poland plant is built, LG Chem will have established a global production system of four internationally located plants. Each of which are the largest in the industry. The production system will be composed of four plants. They are the Ochang plant in South Korea, Holland plant in the United States, Nanjing plant in China, and Wroclaw plant in Poland. Thereby, securing the production capacity of more than 280,000 batteries and solely for pure high-performance EVs.
Source: LG Chem
In conclusion, the plants in the United States, China, and Poland will supply products to the local market while the Ochang plant in South Korea will supply products to Korean automobile manufacturers. Finally and at the same time controlling the overall supply need by global customers.
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