LG Energy Solutions signed a MOU with Indonesia for producing EV batteries in the country

30 December 2020, 05:28:23

LG Energy Solutions signed a MOU with Indonesia for producing EV batteries in the countryJakarta Globe has reported on December 19 that the day before the Comprehensive Economic Partnership Agreement Signing Ceremony was held in Indonesia. The Indonesia-South Korea Comprehensive Economic Partnership Agreement (IK-CEPA) was signed by Trade Minister Agus Suparmanto and his South Korean counterpart, Trade, Industry, and Energy Minister Sung Yun-mo.

As part of the event, the country's officials and LG Energy Solutions have signed a memorandum of understanding (MOU) for starting an EV battery joint venture project. LG Energy Solutions would work with the Indonesia Battery Holding which on its part is a joint venture between four companies, most of which are state-owned - Indonesia Asahan Aluminium (Mind ID), Aneka Tambang (Antam), Pertamina, and Perusahaan Listrik Negara (PLN). According to Jakarta Globe, the project will receive 10 trillion won ($9.2 billion) of investment. It will be used to build nickel mining facilities, processing, smelting, and turning the metal into electrodes and cells over the next five years. LG Energy Solutions will invest an additional 2 trillion won ($1.84 billion) in battery cell manufacturing.Source

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EV Specifications

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Battery: 72.6 kWh, Voltage: 800 V

2022 Hyundai IONIQ 5

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Doors: 5, Seats: 5
Length: 182.5 in / 4635 mm
Width: 74.4 in / 1890 mm
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2022 Chevrolet Bolt EUV

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Doors: 5, Seats: 5
Length: 169.5 in / 4305 mm
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2022 Chevrolet Bolt EV

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Width: 69.5 in / 1765 mm
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Electric motor: 150 kW, 360 Nm, Location: Front
Battery: 65 kWh, Voltage: 350 V

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Length: 163.2 in / 4145 mm
Width: 69.5 in / 1765 mm
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Electric motor: 150 kW, 360 Nm, Location: Front
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