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EU launches investigation into finances surrounding LG Chem’s Poland lithium-ion gigafactory.

Fri, 08/14/2020 - 10:48 -- Paul Crompton

The European Commission has opened an in-depth investigation into the finances surrounding Korean lithium-ion battery maker LG Chem’s gigafactory in Poland.

An investigation has been launched to assess if €95 million ($112 million) of public support granted by Poland to the Korean company is in line with EU rules on regional State aid. 

The cash was earmarked for investing in the expansion of battery cell production facility for electric vehicles in Biskupice Podgórne in the Dolnoślaskie region, Poland.

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