Electric Vehicle Battery Production Facility in Poland
Sector: Automotive • Location: Wroclaw, Poland
Source: Highways Today
The European Investment Bank (EIB) has signed a €480 million loan agreement with LG Chem Wroclaw Energy, the Polish subsidiary of the LG Chem Group, to develop a battery production facility in Europe. The financing will be used for the construction and operation of highly automated and innovative manufacturing facilities for advanced lithium-ion (li-ion) cells and batteries for battery-powered ele
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Status
Original status | ongoing |
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Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Description
Description | The European Investment Bank (EIB) has signed a €480 million loan agreement with LG Chem Wroclaw Energy, the Polish subsidiary of the LG Chem Group, to develop a battery production facility in Europe. The financing will be used for the construction and operation of highly automated and innovative manufacturing facilities for advanced lithium-ion (li-ion) cells and batteries for battery-powered electric vehicles (BEVs). The project aims to significantly improve energy density, fast-charging capability, safety, and cost efficiency of the batteries. |
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Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Source
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Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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