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LG Energy Solution exits $8.45B battery project in Indonesia due to market conditions, investment climate.
South Korea's LG Energy Solution has pulled out of an $8.45 billion electric vehicle battery project in Indonesia, citing market conditions and the investment environment.
Despite this, LGES will continue to explore opportunities in Indonesia through its joint venture, HLI Green Power.
The move may lead to a reassessment of investment strategies in Indonesia's electric vehicle sector.
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LG Energy Solution abandona el proyecto de baterías de $8.45B en Indonesia debido a las condiciones del mercado y el clima de inversión.