We Want Electric Vehicle Investments from Upstream to Downstream
Investment Coordinating Board Chief Bahlil Lahadalia explains the negotiation process with LG Energy Solution. This South Korean company commits to invest US$9.8 billion to build electric car battery production center.
Retno Sulistyowati
January 11, 2021
THE Investment Coordinating Board (BKPM) made an official announcement at the end of December 2020 about LG Energy Solution Ltd.’s investment plan, a good news for government’s ambition to build a world-class electric vehicle ecosystem in Indonesia. BKPM Chief Bahlil Lahadalia, who had been following the negotiations over the past year, said that the US$9.8 billion or around Rp142 trillion investment commitment for the construction of
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