LG Chem to start bat­tery fac­tory

The Star Late Edition - - BUSINE SSREPORT -

“Trans­port is one of the main green­house gas pro­duc­ers, so we are plan­ning an exit from com­bus­tion en­gine ve­hi­cles, or fos­sil-en­ergy ve­hi­cles, by 2030,” he told France Info ra­dio.

The French cap­i­tal, which will host the Olympic Games in the sum­mer of 2024 and was host city for the lat­est world­wide pact on poli­cies to tame global warm­ing, had al­ready been eye­ing an end to diesel cars in the city by the time of the Olympics.

Paris City Hall, al­ready un­der at­tack over the es­tab­lish­ment of no-car zones, car­free days and fines for driv­ers who en­ter the city in cars that are more than 20 years old, said it was not us­ing the word “ban” but rather in­tro­duc­ing a fea­si­ble dead­line by which com­bus­tion-en­gine cars would be phased out.

There are about 32 mil­lion house­hold cars in France, where the pop­u­la­tion is about 66 mil­lion, ac­cord­ing to 2016 data from the Ar­gus, a ve­hi­cle industry pub­li­ca­tion.

Many Parisians do not own cars, re­ly­ing on ex­ten­sive pub­lic trans­port sys­tems and, in­creas­ingly, fast-bur­geon­ing net­works of­fer­ing bikes, scoot­ers and low-pol­lu­tion hy­brid en­gine cars for short-term rental.

The ban on petrol-fu­elled ve­hi­cles marks a rad­i­cal es­ca­la­tion of anti-pol­lu­tion pol­icy. – Reuters SOUTH Korean bat­tery maker LG Chem will pro­duce 100 000 elec­tric car bat­ter­ies a year in Poland to meet de­mand from global car­mak­ers ditch­ing diesel and petrol en­gines. LG Chem said in a joint state­ment with the Pol­ish devel­op­ment min­istry yes­ter­day that its bat­tery fac­tory, which is due to be com­pleted next year near the western city of Wro­claw, will be Europe’s largest and em­ploy 2 500 peo­ple. The fac­tory will make bat­ter­ies for elec­tric cars pro­duced by top car com­pa­nies, which are in­vest­ing bil­lions of dol­lars in elec­tric cars to catch up with Tesla, LG Chem said. – Reuters

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