
Huayou may step in as South Korea’s LG abandons US$8.45 bn Indonesia EV battery investment
LG Energy Solution (LGES) of South Korea has exited its US$8.45 billion (HK$65.7 billion) electric vehicle (EV) battery project in Indonesia, prompting the Indonesian government to court China’s Zhejiang Huayou Cobalt as a potential replacement investor. …