| Project Detail |
Project Description
Provision of a long-term loan of up to EUR 250 million to LG Chem Wroclaw Energy sp.z o.o (the "Company"), a fully owned subsidiary of LG Chem, Ltd, for the construction of a Lithium-Ion battery factory for Electric Vehicles in Wroclaw, Poland (the "project").
Project Objectives
The project supports LG Chems investment plan to construct a Lithium-Ion battery factory in Wroclaw, Poland, in order to produce and supply EV batteries to the Original Equipment Manufacturers (OEMs).
Transition Impact
The transition impact of the proposed project will be derived from Green quality. The Project is expected to result in major CO2 emission savings from energy efficiency gains of Green product (Electric Vehicles batteries) replacing conventional Internal Combustion Engines. |
