Poland has become a European leader in the production of lithium-ion batteries, with exports booming despite the pandemic.
Swedish battery producer Northvolt, will open a plant in Gdansk, Mateusz Morawiecki, the prime minister, announced on Friday.
Poland could become a European centre for the production of electric car batteries on the back a flourishing export market, a leading newspaper has reported.
German automotive company Mercedes-Benz will launch the production of electric car batteries at its plant in the Polish south-western town of Jawor in October
The investment which is being covered by LG Chem, private investors and the European Investment Bank, who have lent 480 million EUR for the project, will manufacture advanced lithium-ion cells and batteries for battery-powered electric vehicles and create 1,800 new jobs.
The European Bank for Reconstruction and Development (EBOR) granted a long-term loan of EUR 250 million to electric car battery maker LG Chem to support the construction of a battery factory in Wrocław, southwestern Poland, EBOR said on Thursday.
The decision to launch production in Gdańsk reflects increased demand for battery solutions on the European market.