LG Chem opens battery factory in China

LG Chem battery factory in China

The initial annual production capacity is 50.000 batteries for electric cars, but it will gradually increase until it reaches the originally planned goal of 100.000 batteries. In 2020 the goal can be extended to 200.000 batteries.

LG Chem already had electric car’s battery plants in South Korea and USA. Another factory is planned for Europe, probably Poland.

A month ago, LG Chem’s main competitor, Samsung SDI also opened a battery factory in China.

I remember a few years ago when companies regarded almost every investment related to electric cars as high risk. Now every  investment in this area can not come fast enough.

 

 

More info:

http://www.koreaherald.com/view.php?ud=20151027001221

https://www.koreatimes.co.kr/www/news/tech/2015/10/133_189601.html

Pedro Lima

My interest in electric transportation is mostly political. I’m tired of coups and wars for oil. My expectation is that the adoption of electric transportation will be a factor for peace and democracy all over the world.

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