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View all search resultsSouth Korea’s LG Energy Solution (LGES) has officially withdrawn from a multibillion-dollar battery supply chain investment plan in Indonesia, casting uncertainty over the country’s ambitions to become a global electric vehicle (EV) hub. The decision came amid a sluggish domestic EV market in Indonesia, which has led the company to reassess its investment priorities and scale back on expansion plans, prompting Indonesian authorities to seek alternative partners to keep the strategic initiative on track.
With the rise of technological advancement in Indonesia, it is important to note that digitalization plays a large part in elevating local businesses. However, the impact can become a barrier for some who are unable to keep up with the transformation. In this regard, educational programs must be implemented to ensure that no one is left behind.
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