UPDATED. 2022-12-01 10:00 (목)
LG to invest US$9.8 billion for Indonesia battery project
LG to invest US$9.8 billion for Indonesia battery project
  • Stan Lee
  • 승인 2020.12.31 19:34
  • 댓글 0
이 기사를 공유합니다

Batteries likely to be supplied to Hyundai
Image: LG Energy Solution
Image: LG Energy Solution

LG Energy Solution will invest US$9.8 billion in Indonesia for its battery factory there.

According to Reuters, Indonesia Investment Coordinating Board said on Wednesday that the country signed a US$9.8 billion MOU with LG.

The investment will be in electric car supply chain and collaboration with Hyundai Motor Group, the board said.

BKPM also said that Indonesia will be the first control to encompass the whole supply chain for electric vehicles from material mining to electric vehicle production.

Earlier this month, LG signed a MOU with BKPM for collaboration in battery business. The South Korean company said the MOU was non-binding and declined to comment on specifics at the time.

LG Energy Solution is expected to start specific discussion on nickel miming and battery production with Indonesia soon. Battery produced at the country will likely be supplied to Hyundai Motor Group.

Indonesia has a large nickel reserve. This makes it advantageous to secure cathode materials. Hyundai has said it plans to make a factory that can produce 250,000 cars a year in the country.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2022 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트