Thu 28 March 2024
Warszawa (PL)
14/8°C
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Thu 28 March 2024
Praha (CZ)
12/9°C
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Thu 28 March 2024
Bratislava (SK)
18/10°C
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Thu 28 March 2024
Budapest (HU)
17/10°C
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November 7th, 2019
The European Bank for Reconstruction and Development (EBOR) granted a long-term loan of EUR 250 million to electric car battery maker LG Chem to support the construction of a battery factory in Wrocław, southwestern Poland, EBOR said on Thursday. The total value of the investment is EUR 2.8 billion. When completed in 2022, the factory is expected to reach a production capacity of around 65-70 GWh a year. The loan will allow the company to supply batteries for up to 1 million electric vehicles per year, resulting in a reduction of over 1 million tonnes of CO2 emissions per year.
PAP
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