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  • October 7, 2026
  • Last Update July 17, 2026 9:28 pm
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LGES bows out of Indonesian EV battery deal—China’s Huayou poised to fill the void

LGES bows out of Indonesian EV battery deal—China’s Huayou poised to fill the void

LG Energy Solution (LGES) of South Korea has exited its US$8.45 billion electric vehicle (EV) battery project in Indonesia, prompting the Indonesian government to court China’s Zhejiang Huayou Cobalt Co., Ltd. (Huayou) as a potential replacement investor.

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