LG is building Europe's largest EV battery factory

With all of the talk of the largest lithium-ion battery facility in the world being built in my home town of South Australia, news of LG building the largest electric vehicle battery production facility in Europe is of just as large importance.

LG has announced news of a new car battery facotry in Poland, a first of its kind in Europe, that will help the growing demand of batteries by electric vehicle makers. VP of LG Chem, Chang-Beom Kang, said: "The company has chosen Poland as the most competitive location for production to satisfy the needs of European and global car producers".

The new facility will cost $1.63 billion, with LG about to break ground in the city of Wroclaw, which is awfully close to Germany, which is a major car manufacturing hub in Europe. LG Chem plans to manufacture up to 100,000 electric vehicle batteries in 2018, while they create 2500 people in the process. The new EV battery factory will also include an R&D center, too.