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Indonesia says China's Huayou to replace LGES in EV battery project

Summary by Energy-daily.com
Jakarta (AFP) April 23, 2025 China's Zhejiang Huayou Cobalt is replacing South Korea's LG Energy Solution as a strategic investor in a multibillion-dollar project to build an electric vehicle battery joint venture in Indonesia, officials said on Wednesday. The South Korean company, which was part of a consortium that signed a 142 trillion rupiah ($8.4 billion) "Grand Project" in 2020, announced its withdrawal from the p
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energy-daily.comenergy-daily.com

Indonesia says China's Huayou to replace LGES in EV battery project

Jakarta (AFP) April 23, 2025 China's Zhejiang Huayou Cobalt is replacing South Korea's LG Energy Solution as a strategic investor in a multibillion-dollar project to build an electric vehicle battery joint venture in Indonesia, officials said on Wednesday. The South Korean company, which was part of a consortium that signed a 142 trillion rupiah ($8.4 billion) "Grand Project" in 2020, announced its withdrawal from the p

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SINDOnews.comSINDOnews.com

LG Cancels Building Electric Car Battery Plant in RI, Minister Rosan Announces His Replacement

Investment Minister Rosan Roeslani revealed who will replace LG Energy Solution from the electric vehicle (EV) battery supply chain project in Indonesia.

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viva.co.idviva.co.id

New Investment Opportunities Still Emerge After LG Cancels EV Battery Project in Indonesia

Observers' response to electric vehicle battery company, LG, officially announcing the cancellation of the EV battery ecosystem project plan in Indonesia.

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viva.co.id broke the news in on Wednesday, April 23, 2025.
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