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 ...

South Korea's LG Energy Solution has formally withdrawn from a 142 trillion rupiah ($8.45 billion) project to develop electric vehicle battery making in Indonesia, the company said on Monday.

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 (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 ...

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 ...