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Pursuing for Electric Vehicle Battery Investors to South Korea

Monday, August 7, 2023

The LG consortium is ready to continue its electric vehicle battery investment, but it is hampered by share negotiations.

arsip tempo : 170141562957.

President Joko Widodo (right) listens to an explanation of the cell battery manufacturing process during the groundbreaking ceremony to commence the construction of an electric car battery factory in Karawang, West Java, September 15, 2021. The investment consortium on the project consists of Hyundai Motor Company, KIA Corporation, Hyundai Mobis, and LG Energy Solution. ANTARA/Presidential Secretariat /Laily Rachev . tempo : 170141562957.

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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