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LG plans extra battery investment in Indonesia
Nada Ali Published in Amwal Al Ghad on 29 - 04 - 2025

South Korea's LG Group has reaffirmed its commitment to Indonesia with plans to inject an additional $1.7 billion into a battery cell factory, raising the project's total investment to $2.8 billion, according to Indonesia's Investment Minister on Tuesday.
Minister Rosan Roeslani commented on LG Energy Solution's withdrawal from a $8.46 billion electric vehicle battery supply chain project in Indonesia, citing market conditions and investment climate.
"The commitment from LG remains big, a concrete example is that they will invest in the development of this JV," he told a press conference, referring to a battery plant in West Java.
Attribution: Reuters
Subediting: M. S. Salama

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