LG to open Europe’s largest EV battery factory in Poland next year

Tech Crunch

Tech Crunch

, Tech

LG is opening Europe’s largest factory for building lithium-ion batteries destined for use in electric cars, the company announced. Its LG Chem division is going to open the doors for the facility in 2019 in Poland near Wroclaw, per Reuters , and the facility will be able to supply as many as 100,000 EV batteries per year beginning from next year.

For comparison, Panasonic’s latest battery facility in China can make enough to supply the production of around 200,000 vehicles per year, and the Gigafactory hopes to eventually produce enough for around 500,000 vehicles per year. Already, Musk said that the Gigafactory at its current capacity, which is nowhere near total eventual output, is producing more batteries than any other factory in the world, according to Elon Musk.

Battery production could become a major chokepoint for vehicle electrification as more automakers shift more of their model lineups to EVs and hybrids. More factories can definitely help, but supply of base materials could become an even bigger hindrance in future.

Featured Image: AFP/Stringer/Getty Images

Tech Crunch
Breaking technology news, analysis, and opinions from TechCrunch.com. We profile startup companies, products, and websites, and we are the number one guide for all things tech.

Social networks, RSS, and newsletter signup:
http://techcrunch.com/social-media/

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Read Original Article - Tech Crunch

Read Original Article - Tech Crunch

Favourite This Author:

Leave a Reply