Pursuing for Electric Vehicle Battery Investors to South Korea
The LG consortium is ready to continue its electric vehicle battery investment, but it is hampered by share negotiations.
Aisha Shaidra
August 7, 2023
THE meeting between Investment Coordinating Board (BKPM) Head Bahlil Lahadalia and Chief Executive Officer (CEO) of LG Energy Solution Kwon Young-soo, on Thursday, August 3, at the BKPM office ended with a sweet deal. Kwon assured that the investment for electric vehicle batteries worth US$9.8 billion, or about Rp142 trillion, will continue. “The government appreciates LG’s commitment,” Bahlil said after the meeting.&n
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