September 25 (SeeNews) - A South Korea-based company is considering an investment of over 1.5 bln euro ($1.6 billion) in a production facility for batteries for electric vehicles in Bulgaria, economy minister Emil Karanikolov said on Wednesday.
The unnamed company is exploring three countries as a possible location for its new plant, Karanikolov said as quoted in a statement by the Bulgarian government's press office.
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The planned facility will likely produce batteries for several automotive companies, Karanikolov noted, without disclosing further details.
($ = 0.9107 euro)