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Indonesia teams with LG to build $1.2bn battery plant

Facility outside Jakarta to be country's first in string of electric vehicle projects

Indonesia has high hopes for electric batteries and is working with South Korea's LG. (Source photos by AP and Reuters)

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.

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