LG to open car bat­tery unit in Europe

The Hindu Business Line - - NEWS -

South Korea's LG Chem will open Europe's largest lithium-ion bat­tery fac­tory in Poland next year as the re­gion's auto in­dus­try gears up to mass pro­duce elec­tric cars. 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.

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