LG Chem raises USD520 million from EIB for EV battery plant in Poland

Corporate developments

Plant to have an annual production capacity of over 35 GWh, which can potentially power more than 500,000 zero-emission electric cars per year

LG Chem has raised EUR480 million (USD520 million) loan from European Investment Bank (EIB) for its electric vehicle (EV) battery plant in Poland, EIB announced in a press release on 26 March.

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