LG-led consortium withdraws from $7.7 billion EV battery project in Indonesia
The decision follows an industry slowdown, yet LG Energy Solution continues operations in Indonesia with existing ventures
A consortium led by LG has decided to withdraw from a project valued at approximately 11 trillion won (about $7.7 billion) aimed at establishing an electric vehicle battery supply chain in Indonesia.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
