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LG Energy pulls out of $11 billion Indonesia EV battery project

The Straits Times LogoThe Straits Times2d ago

LG Energy pulls out of $11 billion Indonesia EV battery project - The Straits Times

Quick Summary:

Indonesia has tried to leverage its large reserves of battery metal nickel to draw investment from foreign firms.

LG Energy Solution said it would continue to explore areas of collaboration with the Indonesian government.

The South-east Asian nation is already dealing with the fallout of the new US tariffs, as well as broader investor anxiety over policies under President Prabowo Subianto.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 10:26:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 226 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28127936

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About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 5 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 6 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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The story "LG Energy pulls out of $11 billion Indonesia EV battery project" has 226 words across 11 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "LG Energy pulls out of $11 billion Indonesia EV battery project" was covered 2 days ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times is a fully independent (privately-owned) news outlet established in 1845 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 5 news stories per day.

It's most recent story was published 6 hours ago.

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  • News ID: #28127936
  • URL: https://beamstart.com/news/lg-energy-pulls-out-of-17452916436385

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