S.11. State Aid

D.

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EC approves €36 million Polish investment aid to EV batteries plant

Monday, January 28, 2019


The aid will support LG Chem’s €325 million investment in a new manufacturing plant for the production of lithium-ion batteries.

The EC approved as compliant with EU state aid rule the Polish government’s €36 million aid package to chemical company LG Chem for a new electric vehicle (EV) batteries plant in the Dolnoślaskie region.

The aid will support the company’s €325 million investment in a new vertically integrated manufacturing plant for the production of lithium-ion batteries. The new plant is expected to supply batteries for the production of more than 80.000 EVs per year in the European Economic Area, creating over 700 direct jobs.