The exact location of LG Chem’s new European battery plant has still not officially been confirmed, although it is hotly tipped to be in Wroclaw, in Poland.
The company has announced plans to build a plant to produce EV batteries in line with growing demand in Europe for electric vehicles.
The Polish city of Wroclaw looks like a worthy contender, given that its LG Electronics, LG Display and LG Innotek divisions are already based there.
To date, the European market has been supplied by LG Chem’s Korean factory in Ochang, North Chungcheong Province, which has an annual production capacity of 200,000 batteries.
Its main European customers include Renault, Daimler, Volkswagen, Chevrolet and Audi.
LG Chem also has a EV battery-manufacturing factory in Michigan, US, which has a capacity of 50,000 batteries a year, and in Nanjing, China, where more than 100,000 units will be produced when the plant is finished at the end of 2015.