Indonesia in $9.8 bln electric vehicle battery deal with Korea's LG

Indonesia in $9.8 bln electric vehicle battery deal with Korea's LG

Jakarta (AFP) Jan 01, 2021

Indonesia said Wednesday it had signed a $9.8 billion electric vehicle battery deal with South Korea’s LG as it moves to become a global production hub for the green technology.

The agreement was signed in mid-December, with investments planned in production and supply chains for lithium batteries, which rely on nickel.

Mineral-rich Indonesia is a major producer of the metal.

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