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Huayou may step in as South Korea’s LG abandons US$8.45 bn Indonesia EV battery investment

SCMP LogoSCMP9h ago

Huayou may step in as South Korea’s LG abandons US$8.45 bn Indonesia EV battery investment - SCMP

Quick Summary:

Indonesia’s state-owned Antara news agency reported that the Energy, Mineral and Coal Suppliers Association warned LGES’s exit could derail the EV industry road map.

Huayou, however, has taken a cautious stance on the potential takeover.

Aspebindo also underscored the need for Indonesia to bolster its policy framework to stay competitive amid global industrial realignments.

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Huayou may step in as South Korea’s LG abandons US$8.45 bn Indonesia EV battery investment - SCMP (Picture 1)

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Article Details

Author / Journalist: DigiTimes

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 13:23:56 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 203 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28506662

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 18 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "Huayou may step in as South Korea’s LG abandons US$8.45 bn Indonesia EV battery investment" has 203 words across 9 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "Huayou may step in as South Korea’s LG abandons US$8.45 bn Indonesia EV battery investment" was covered 9 hours ago by SCMP, a news publisher based in Hong Kong.

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SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 18 news stories per day.

It's most recent story was published 1 hours ago.

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  • News ID: #28506662
  • URL: https://chronographically.beamstart.com/news/huayou-may-step-in-as-17467684296713

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