LG Energy Solution leads $9bn push to create mines-to-manufacturing battery supply chain

Cecilia Keating
clock • 2 min read
 Nickel Mining in South Sulawesi, Indonesia | Credit: iStock
Image:

Nickel Mining in South Sulawesi, Indonesia | Credit: iStock

New Indonesian venture announced just days after similar project unveiled by key rival China’s Contemporary Amperex Technology (CATL), as concerns grow that sector could face a global supply crunch

A consortium led by South Korean electric vehicle (EV) battery giant LG Energy Solution has announced it is to invest $9bn in developing a mines-to-manufacturing battery supply chain in Indonesia, as battery...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

IEA: Global EV battery industry 'entering a new phase' on path to maturity

IEA: Global EV battery industry 'entering a new phase' on path to maturity

Driven by soaring demand from electric vehicles and significant production cost reductions - particularly in China - battery market competition is becoming increasingly fierce

Michael Holder
clock 06 March 2025 • 4 min read
'Motorists are voting with their feet': One in four new cars sold in UK now electric

'Motorists are voting with their feet': One in four new cars sold in UK now electric

New EV sales continue to surge, as latest industry figures show demand for petrol and diesel cars has falled yet again

Michael Holder
clock 05 March 2025 • 5 min read
How smart and vehicle-to-grid charging is essential to the EV transition

How smart and vehicle-to-grid charging is essential to the EV transition

Report from EY argues smart-charging and V2G systems will play key role in unlocking cost savings and enabling grid stability as EV roll out gathers pace

clock 05 March 2025 • 4 min read