Project for electric vehicle battery production to still run: minister

Project for electric vehicle battery production to still run: minister

Jakarta (ANTARA) - State-Owned Enterprises Minister Erick Thohir clarified that national strategic projects, including that to produce batteries for electric vehicles along with South Korean company LG, will continue to run.

"This project to produce batteries is a long-term one. If we were to build it in four years, it would become a reality. Will it be postponed? No, this will continue," Thohir stated on the sidelines of receiving an aid of 50 polymerase chain reaction (PCR) diagnostic test kits from LG group in Jakarta, Monday.

While discussing investment realization some time ago, the minister expressed keenness to follow up on President Joko Widodo's visit to South Korea.

"One of them was our discussion with LG," Thohir stated.

Indonesia should not lag behind neighboring nations in the production of batteries for electric vehicles.

"This is something new, and we do not want to be left behind neighboring countries," Thohir emphasized.

The minister has continued to conduct tight mapping of national strategic projects.

“We mapped the national strategic projects to evaluate the work that must be postponed,” Thohir noted.

Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia had earlier undertaken a brief working visit to Seoul, South Korea, and stressed that it would facilitate investment from the country.

According to a written statement received in Jakarta, Lahadalia had met with several leaders of companies from South Korea, including LG International, SK Networks, Daewoo Shipbuilding & Marine Engineering (DSME), SK E&C, Doosan, Lotte Group, Hyundai Motor Company, Hankook Tire & Technology, and CJ Group, on Monday.

At a meeting with LG International, it was brought to light that the company was exploring investment opportunities in the ICT sector and the battery industry for electric vehicles, as well as biodiesel. Related news: Vale's divestment a tactical move for national electric cars: Thohir
Related news: Indonesia, Japan strengthen cooperation in developing electric cars


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