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 developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Automotive

Credit: Ford

Ford secures £600m government-backed loan to rev up EV plans

James Murray
clock 01 December 2022 • 2 min read
Nissan's Sunderland car plant is the largest in the UK | Credit: Nissan

UK electric vehicle production up by a fifth in October

But trade body SMMT warns supply chain turbulence and economic headwinds still pose major challenges for the UK car sector and its transition to EVs

Michael Holder
clock 25 November 2022 • 3 min read
Credit: Connected Kerb

Study: Public smart charging could save EV drivers over £600 a year

Government-backed trial shows that smart charging technologies could slash the cost of recharging from public charge points

James Murray
clock 21 November 2022 • 3 min read