#Electric Vehicle
Rosan confirms battery project continues with new partner after LG exit
Minister of Investment and Downstream/Head of the Investment Coordinating Board (BKPM), Rosan P. Roeslani, says that Indonesia’s electric vehicle (EV) battery ecosystem project will continue with a new partner following the decision by South Korea’s LG Energy Solution to partially withdraw its US$9.8 billion investment in the project.
Indonesia eyes global investors to build East Halmahera EV ecosystem after LG exit
Minister of State-Owned Enterprises (SOEs), Erick Thohir, has revealed of the government’s plan to offer an investment project for the electric vehicle (EV) battery industry ecosystem after LG Energy Solution left the project.
BCA estimates EV credit increases by 10 percent this year
PT Bank Central Asia (BCA) projects an increase in electric vehicle credit of up to 10 percent this year, with its credit financing subsidiary BCA Finance releasing total credit of Rp40 trillion (US$2.4 billion).