JAKARTA (Reuters): Indonesia and South Korean firm LG Group have signed a memorandum of understanding (MoU) on a US$9.8 billion electric vehicle battery investment deal, the head of Indonesia's Investment Coordinating Board said on Wednesday (Dec 30).
The deal was signed on Dec 18 and would also see LG collaborate with other companies, including Hyundai, the board's head, Bahlil Lahadalia, told a news conference, adding that the deal includes investments across the EV supply chain.
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