President Prabowo shrugs off LG pulling out from battery investment


JAKARTA: President Prabowo Subianto (pic) said on Tuesday (April 22) that there was no reason to be concerned about LG Energy Solution's (LGES) decision to withdraw from a Rp 142 trillion (US$8.45 billion) project to develop electric vehicle battery making in Indonesia.

Prabowo told reporters that Indonesia is a big country with a bright future and there would be new investment to take the place of the South Korean company in the EV battery ecosystem.

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Indonesia , LG , Prabowo , South Korea , EV , battery , plant

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