What is the latest status of the project “LG's $11 Billion Nickel Project in Indonesia”?

The status recorded for “LG's $11 Billion Nickel Project in Indonesia” is Cancelled.

What is the budget and commercial profile for the project “LG's $11 Billion Nickel Project in Indonesia”?

Taiyo normalizes the budget of “LG's $11 Billion Nickel Project in Indonesia” to USD 11450000000.

Where can I verify the source and access all details for “LG's $11 Billion Nickel Project in Indonesia”?

This Taiyo project page references The Straits Times along with the original URL (https://www.straitstimes.com/asia/se-asia/indonesias-flip-flops-and-indecision-stall-investment-say-analysts-after-lg-pulls-out-of-11b-nickel). Taiyo standardizes official data into a consistent, searchable project profile.

LG's $11 Billion Nickel Project in Indonesia

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Source: The Straits Times

Project

Cancelled

The project aimed to build an electric vehicle (EV) battery supply chain in Indonesia, including the development of a nickel mine, smelters, and a battery cell plant in Karawang, West Java. However, LG Energy Solution has pulled out of the project due to market conditions and investment environment concerns.

Status: Closed
Sector: Energy Storage, Warehouse, Electric Vehicles (EVs), Manufacturing (Industrial), Automotive
Location: Karawang, West Java, Indonesia
Updated: 22 Jul 2026
Source: The Straits Times

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The project “LG's $11 Billion Nickel Project in Indonesia” is an infrastructure initiative in the Energy Storage sector, located in Karawang, West Java, Indonesia. Taiyo aggregates data on it from The Straits Times.

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 build an electric vehicle (EV) battery supply chain in Indonesia, including the development of a nickel mine, smelters, and a battery cell plant in Karawang, West Java. However, LG Energy Solution has pulled out of the project due to market conditions and investment environment concerns.
Original sector	Electric Vehicles
Budget

Location

Country	Indonesia
State	West Java
City	Karawang

Source

Source	The Straits Times
URL

More Details

Record type	Project
Sector	Energy Storage, Warehouse, Electric Vehicles (EVs), Manufacturing (Industrial), Automotive
Article published date	2025-04-30

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LG's $11 Billion Nickel Project in Indonesia

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