EV Battery Investment Projects Continue Despite LG’s Withdrawal, Government Ensures Strong Downstream Commitment

News Energy & Renewables General Updates

Date: 23rd Apr, 2025 Source: Ministry of Energy and Mineral Resources (ESDM) Country: Indonesia Original Source

Brief

On 23/04/2025, the Ministry of Energy and Mineral Resources (ESDM) issued an update regarding EV Battery Investment Projects Continue Despite LG's Withdrawal, Government Ensures Strong Downstream Commitment. The government ensured that the EV battery investment project, worth USD 9.8 billion, would proceed as planned despite LG Energy Solution's withdrawal from some parts of the "Indonesia Grand Package".

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Ministry of Energy and Mineral Resources (ESDM)

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EV Battery Investment Projects Continue Despite LG’s Withdrawal, Government Ensures Strong Downstream Commitment

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Ministry of Energy and Mineral Resources (ESDM)

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EV Battery Investment Projects Continue Despite LG’s Withdrawal, Government Ensures Strong Downstream Commitment

Brief

Ministry of Energy and Mineral Resources (ESDM)

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