Teresa Czerwinska, Vice-President of EIB, who oversees...

Teresa Czerwinska, Vice-President of EIB, who oversees operations in Poland, said: “This first EIB operation with LG Chem Wroclaw Energy is significant for many reasons. It helps Europe to build a critical mass in electric vehicle battery production at a pivotal time of electric vehicle commercialisation in Europe; it promotes a shift to electromobility and to a greener automotive industry; and it helps create new qualified jobs in an industrial region in transition to a new economic model. Today’s operation proves that with the right partners and the right projects in place we can combine cohesion objectives with innovation and strong climate action.”Jeong Joon Ha, CFO of LG Chem Wroclaw Energy Sp. z o.o., said: The implementation of the new investment programme will enable the company to ramp up its battery capacity output to ca. 65 GWh, making the Polish facility one of the largest lithium-ion cell factories in the world. Moreover, more than 1 800 jobs will be created at the Wroclaw site, taking the total workforce up to more than 6 000 full-time employees by end-2022.” QUOTE.
The significance of this story seemed to have escaped my attention it is very relevant to COB’s future IMO

https://www.smart-energy.com/industry-sectors/finance-investment/poland-lg-chem-e1-5-billion-li-ion-batteries-project-gets-eib-backing/