Balczun said on Friday that he expected an agreement to be signed in the autumn and that construction of the electric car plant could begin in the spring.
"We are finalising negotiations with our technological partner, the global company Foxconn," Balczun told broadcaster TVP Info.
"I expect that we will be able to close these negotiations within the next few weeks," he said.
"If this process is completed, we expect to break ground in the spring, and the work has already begun," he added.
Prime Minister Donald Tusk announced in June that state-owned ElectroMobility Poland would work with Foxconn on an industrial hub in the southern city of Jaworzno that would include an electric vehicle factory.
Tusk said the factory would most likely produce three mid-sized SUV models.
He also said Poland and Foxconn were working on a semiconductor plant in the southwestern Lower Silesia region.
Balczun said the first electric vehicle produced in Poland was expected to roll off the production line in 2029.
He described the project as a joint Polish-Taiwanese venture that would involve technology transfer and the development of local expertise and suppliers.
"It will mean the transfer of technology and know-how to Poland, local content and our Polish car, which we will produce and sell throughout Europe," Balczun said.
The factory is ultimately expected to have an annual production capacity of 450,000 vehicles, he said.
Foxconn announced a strategic partnership with ElectroMobility Poland in May.
Earlier that month, Poland’s National Fund for Environmental Protection and Water Management signed an investment agreement with ElectroMobility Poland to finance the Polish Electromobility Hub project in the southern city of Jaworzno.
The project is expected to receive PLN 4.5 billion (EUR 1 billion, USD 1.2 billion) in financing from loans under the European Union's post-pandemic recovery plan.
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Source: TVP Info, PAP