JAKARTA -- Indonesia Battery Corp. and a consortium led by South Korea's LG Group are set to soon begin building a $1.2 billion electric vehicle battery plant, the Indonesian investment minister says.
The facility will be constructed in the Kota Deltamas industrial area in Bekasi, West Java Province, about a two-hour drive from Jakarta. The site is near where another South Korean company, carmaker Hyundai Motor, is nearing completion of its first manufacturing plant in Indonesia.
