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Supply Chain

LG aims to forge EV battery supply chain in nickel-rich Indonesia

Posco, Chinese miner Zhejiang Huayou Cobalt, Indonesian companies team up

A nickel processing plant in South Sulawesi Province, Indonesia. The Southeast Asian nation is determined to become a big battery and electric vehicle exporter.   © Reuters

SEOUL -- LG Energy Solution and Indonesia's government will spearhead efforts to develop a seamless supply chain for electric vehicle batteries in the resource-rich Southeast Asian nation, the South Korean company said on Monday.

The supply chain will span the mining of raw materials to the production of EV batteries. LG Energy Solution is one of South Korea's largest battery makers. Total investment could reach about $9 billion, a source with knowledge of the project said.

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