C hina is strengthening its hold on Indonesia's electric vehicle battery sector after a South Korean consortium led by LG announced its exit from a US$7.7 billion project to build a full EV ...

The government has set a target for Indonesia to produce around 600,000 battery electric vehicles (BEVs) per year by 2030. The plant will also produce batteries for energy storage systems (ESS ...

JAKARTA — Indonesia broke ground Sunday on a $5.9 billion megaproject for electric vehicle (EV) battery production backed by Chinese giant CATL, despite NGOs raising concerns over a lack of ...

South Korea's LG group remains committed to Indonesia and will increase its investment in a battery cell factory by $1.7 billion, raising total investment in the project to $2.8 billion, Indonesia ...

JAKARTA (Reuters) -A lithium-ion battery plant by an Indonesian company and China's CATL is expected to be in operation by the end of 2026 with initial capacity of 6.9 gigawatt hours, an ...

South Korea’s LG Group has decided to withdraw from a KRW 11 trillion (US$ 7.7 billion) project to establish an electric vehicle (EV) battery materials supply chain in Indonesia, according to ...

LG Energy Solution withdraws from US$8.45 billion EV battery project in Indonesia. Stellantis, CATL partner to build EUR4 bn EV battery plant in Spain.

LG Energy Solution (LGES) of South Korea has exited its US$8.45 billion electric vehicle (EV) battery project in Indonesia, prompting the Indonesian government to court China's Zhejiang Huayou ...