Tumbling battery prices and growing pressure to cut exhaust emissions have led carmakers to embrace electric vehicles. Manufacturers from VW Group to Volvo Cars, Daimler and BMW plan to roll out a raft of new electric models in coming years. But Europe lacks big-scale battery cell production facilities so those components are mostly imported from China and South Korea.
LG To Open Europe’s Largest EV Battery Factory In Poland Next Year
“The company has chosen Poland as the most competitive location for production to satisfy the needs of European and global car producers,” said Chang-Beom Kang, vice president at LG Chem.