LG signs massive ~$10 billion deal to make batteries in Indonesia
December 31, 2020
LG has signed a massive agreement to reportedly invest close to $10 billion in Indonesia to make batteries in the country.
Indonesia is one of the world’s biggest nickel producers, but it has also recently put a ban on exporting nickel ore in order to encourage the industry to process it locally.
The new protectionist move has resulted in high interest to invest in battery production in the…