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EV Battery Project in Indonesia

Sector: Energy Storage • Location: Indonesia

Source: digitimes

Project
Cancelled

LG Energy Solution has withdrawn from a major electric vehicle battery development project in Indonesia, which was valued at US$8.45 billion. The decision was made due to shifts in market conditions and strategic priorities.

Status
Closed
Sector
Energy Storage, Electric Vehicles (EVs), Commercial, Automotive
Location
Indonesia
Updated
22 Jul 2026
Source
digitimes

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Project Information

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The project “EV Battery Project in Indonesia” is an infrastructure initiative in the Energy Storage sector, located in Indonesia. Taiyo aggregates data on it from digitimes.

Participants

Not available for this record.

Status

Original status

Cancelled

Taiyo status

Closed

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

LG Energy Solution has withdrawn from a major electric vehicle battery development project in Indonesia, which was valued at US$8.45 billion. The decision was made due to shifts in market conditions and strategic priorities.

Original sector

Energy

Budget

Location

Country

Indonesia

Source

Source

digitimes

URL

More Details

Record type

Project

Sector

Energy Storage, Electric Vehicles (EVs), Commercial, Automotive

Article published date

2025-04-25

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