LG Chem signs 480 mln-euro loan deal with European Investment Bank

Yonhap News Agency | Mar 27, 2020 at 2:31 AM
  • LG Chem Wroclaw Energy, the Polish subsidiary of South Korea’s top chemical firm LG Chem Ltd., has signed a 480 million-euro (US$530 million) loan agreement with the European Investment Bank (EIB).
  • The television assembly factory is located next to LG Chem’s EV battery plant in Wroclaw.
  • LG Chem supplies EV batteries to 13 of the top 20 car brands, including German automaker Volkswagen, French carmaker Renault, American auto giant General Motors and South Korea’s largest carmaker, Hyundai Motor.