Electric vehicle production hub: investment driven by export bans?
Recently, Indonesia has been buzzing about the MoU between Indonesia and LG Energy Solution, a South Korean battery cell manufacturer. The deal roughly entails LG Energy Solution making a massive upstream-to-downstream investment in battery cell production in Indonesia. My colleague Wishnu Mahraddika and I wrote about this at The Conversation Indonesia. We were fairly optimistic about this development and hoped it would become a momentum for the automotive industry in Indonesia, particularly in electric vehicles.
Jan 16, 2021