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jobs saved or created
LG to open Europe's biggest car battery factory next year
LG Chem plans to spend 5.9 billion zlotys ($1.63 billion)[EUR 1.3B, KRW 1.812T] on the factory near the southwestern city of Wroclaw, according to Polish state industry agency ARP. ... The factory will employ 2,500 people. LG Chem, a subsidiary of Korea's LG Corp, did not name the likely customers but said they would include top car companies.

"The company has chosen Poland as the most competitive location for production to satisfy the needs of European and global car producers," said Chang-Beom Kang, vice president at LG Chem.

comparative advantage
VW targets 400,000 annual EV, plug-in hybrid sales in China by 2020 Jan 2017
"The company hopes to achieve the target by introducing 15 EV and hybrid models in China over the next three or four years."
VW plans to build first EVs with JAC in 2018
"In 2016, Volkswagen sales in China rose 12 percent to 3.98 million vehicles - more than any other foreign automaker."
Bowing to Beijing, VW accelerates EV timetable Jul 2017
"The 5.1 billion yuan ($761 million) plant, due to start production in late 2018, will build up to 100,000 EVs at full capacity."
VW taps electric Golf to help meet China's EV quota
"[I]nstead of procuring batteries from its usual suppliers -- South Korea's LG Chem or Panasonic of Japan -- Volkswagen will buy the cells from China's Contemporary Amperex Technology."

Diversity is the key to economic and political evolution.

by Cat on Mon Oct 16th, 2017 at 10:33:42 PM EST
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