Chinese company to invest USD 45 mln in Poland to build factory

Electromobility website claims that one million electric cars will hit Polish roads by 2025. Photo: shutterstock.com/Nick Starichenko

Guotai-Huarong Poland (GTHR), a Chinese producer of electric car battery components, is to build a factory near Oława in southwestern Poland in an investment valued at USD 45 million (EUR 38.6 million).

Polish Investment and Trade Agency (PAIH) that’s assisting the project announced that GTHR, one of the three largest providers of electrolytes for lithium-ion batteries in the world, will build a factory for its flagship product in Godzikowice, in south-west Poland by 2020.

“The factory project in Godzikowice of the Chinese investor Zhangjiagang Guotai-Huarong New Chemical Materials (GTHR), is an element of the strategy of supporting the development of the electric vehicle industry in our country,” PAIH VP Krzysztof Senger told Polish Press Agency (PAP).

The international project is part of Poland's Electromobility Development Plan, prepared and implemented by the Energy Ministry.

In March, 2017, the Polish government adopted the Electromobility Development Plan, which set goals and directions for the country’s economic development until 2025.

The development will be one of the biggest lithium-ion electrolyte factories in Europe with an annual capacity sufficient to supply up to a million batteries a year. It will supplement the European and regional industrial network for electric vehicles.

"Initially 60 people will work there. Employment is eventually planned for about 100 workers," PAIH announced.

The electric vehicle market is growing rapidly. It is estimated that by 2040 every fourth car in the world will be driven by this type of engine. Electromobility website claims that one million electric cars will hit Polish roads by 2025.

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