What is the latest status of the project “LG EV Battery Project in Indonesia”?

The status recorded for “LG EV Battery Project in Indonesia” is Cancelled.

What is the budget and commercial profile for the project “LG EV Battery Project in Indonesia”?

Taiyo normalizes the budget of “LG EV Battery Project in Indonesia” to USD 7700000000.

Where can I verify the source and access all details for “LG EV Battery Project in Indonesia”?

This Taiyo project page references Indonesia Business Post along with the original URL (https://indonesiabusinesspost.com/4133/corporate-affairs/lg-cancels-us-7-7-billion-ev-battery-project-in-indonesia). Taiyo standardizes official data into a consistent, searchable project profile.

LG EV Battery Project in Indonesia

Sector: Warehouse • Location: Indonesia

Source: Indonesia Business Post

Project

Cancelled

The project aimed to develop a full electric vehicle (EV) battery supply chain in Indonesia, including raw material sourcing, precursor and cathode material production, and battery cell manufacturing. However, it has been officially cancelled due to shifting dynamics in the global EV industry and a potential slowdown in EV demand.

Status: Closed
Sector: Warehouse, Energy Storage, Electric Vehicles (EVs), Manufacturing (Industrial), Automotive
Location: Indonesia
Updated: 22 Jul 2026
Source: Indonesia Business Post

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Project Information

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The project “LG EV Battery Project in Indonesia” is an infrastructure initiative in the Warehouse sector, located in Indonesia. Taiyo aggregates data on it from Indonesia Business Post.

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	The project aimed to develop a full electric vehicle (EV) battery supply chain in Indonesia, including raw material sourcing, precursor and cathode material production, and battery cell manufacturing. However, it has been officially cancelled due to shifting dynamics in the global EV industry and a potential slowdown in EV demand.
Budget

Location

Country

Indonesia

Source

Source	Indonesia Business Post
URL

More Details

Record type	Project
Sector	Warehouse, Energy Storage, Electric Vehicles (EVs), Manufacturing (Industrial), Automotive
Article published date	2025-04-25

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LG EV Battery Project in Indonesia

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