LG Chem has won the GOLD Award in the sustainable energy field from the European Bank for Reconstruction and Development (EBRD), an international financial institution in Europe, the company said on Nov. 10.
“LG Chem was evaluated to be greatly contributing to the supply of electric vehicles to Europe and improving environment at the same time,” an official of LG Chem said.
LG Chem is moving to secure production capacity of its electric vehicle battery plant in Poland for over 65 GWh by the end of this year.
“This is the world's largest production capacity based on a single plant, which can produce 1 million pure electric vehicles every year,” the official said.
The European Union has recently tightened its standard for average carbon dioxide emissions per vehicle sold from 130 grams to 95 grams, and raised its 2030 greenhouse gas reduction target to 55 percent in line with its "2050 carbon neutrality" goal.
By the end of this year, LG Chem plans to expand its production capacity of its electric vehicle battery plant in Poland to over 65 GWh.
This is the world's largest production capacity based on a single plant, capable of producing 1 million high-performance pure electric vehicles every year, which is 6 percent of all cars sold in Europe (such as gasoline, diesel and electric vehicles).