ENZHMS
Link Copiedcheck_circle
EV

LG Drops Out of Indonesia’s RM37B Titan Project

Kumeran Sagathevan

Share via

LGES_Korea-Ochang_JPG_654KB.jpg


South Korea’s LG Energy Solution (LGES) has pulled the plug on its massive US $7.7 billion (RM 37 billion) EV battery venture with Indonesia Battery Corporation (IBC), known as the "Titan Project." 

The announcement, made on April 18, 2025, marks a big shift in the global electric vehicle battery game.

The Titan Project was a huge part of Indonesia’s plan to climb the value chain in battery manufacturing. With the country sitting on some of the world’s largest nickel reserves, the project was supposed to turn those resources into high-value battery components and put Indonesia on the map as a battery powerhouse.

But things have changed. According to Discovery Alert, experts are pointing to what's being called the “EV chasm” - a global slowdown in demand for electric vehicles - as a key reason behind LGES’s decision. With the market cooling off, companies are being a lot more cautious about expanding.

LGES_Advanced-Automotive-Battery-Cell_PNG_205KB.jpeg

As reported by Antara News, Fathul Nugroho from Indonesia’s Energy, Mineral, and Coal Suppliers Association (Aspebindo) said the cancellation is a serious blow. The Titan Project was expected to be the backbone of Indonesia’s EV battery ecosystem. Now, those production targets are likely to be delayed.

Nugroho also warned that without LGES, Indonesia risks missing out on vital tech transfers - especially when it comes to turning raw nickel into high-quality battery materials like precursors and cathodes. That’s where a lot of the value lies, and not being able to do that locally could leave the country more dependent on imports.

He added that the setback shows just how much Indonesia needs stronger and more resilient downstream policies. That includes making sure there are solid strategies in place to attract long-term, strategic investment in the industry.

LGES’s exit will surely send ripples through the industry. It’s a reminder that even in fast-growing sectors like EVs, global trends can shift quickly - and when they do, the impacts are felt far and wide.


Share This Article

More then half his life spend being obsessed with all thing go-fast, performance and automotive only to find out he's actually Captain Slow behind the wheels...oh well!

Share via

JPJ Running Numbers

KUALA LUMPUR

VQH3195

SELANGOR

BSL5834

JOHOR

JYP5605

PULAU PINANG

PRX5166

PERAK

APE1207

PAHANG

CFE7393

KEDAH

KGD7818

NEGERI SEMBILAN

NEJ2564

KOTA KINABALU

SJP7026

KUCHING

QAB156N

Last updated 13 Jan, 2026

Fuel Price

Petrol

RON 95

RM 2.54

-0.02

RON 97

RM 3.11

-0.05

RON 100

RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 2.89

-0.05

EURO 5 B7

RM 3.09

-0.05

Last updated 08 Jan, 2026

Latest News

EV
2026 Volvo EX60 Debuts This Month, Malaysia Entry Confirmed

2026 Volvo EX60 Debuts This Month, Malaysia Entry Confirmed

New and all-electric Volvo EX60 officially teased ahead of debut later this month, Malaysia market entry also confirmed.

12-01-2026
EV
COE-Friendly Proton e.MAS 7 With 100 kW Output Launched In Singapore

COE-Friendly Proton e.MAS 7 With 100 kW Output Launched In Singapore

Proton e.MAS 7 now available in COE-friendly spec with 100 kW output debuts at Singapore Motorshow 2026.

12-01-2026
EV
Mazda CX-6e Unveiled as Europe’s EZ-60 Twin with 483 km of Range

Mazda CX-6e Unveiled as Europe’s EZ-60 Twin with 483 km of Range

The sleek Mazda EZ-60 makes its debut in Europe under a new name, now simply known as the Mazda CX-6e.

12-01-2026
EV
Kia EV2 Breaks Cover as Brand’s New Entry-Level EV Crossover

Kia EV2 Breaks Cover as Brand’s New Entry-Level EV Crossover

The all-new Kia EV2 breaks cover at the Brussels Motor Show as the brand’s new entry-level EV crossover.

12-01-2026
EV
Hyundai Staria Electric Debuts with 800V, 400km Range

Hyundai Staria Electric Debuts with 800V, 400km Range

Hyundai Staria Electric makes its global debut,800V platform, fast charging, and up to 400km of range.

EV
Xpeng G7 EREV Debuts in China – World’s Longest-Ranged SUV with 1,704 km

Xpeng G7 EREV Debuts in China – World’s Longest-Ranged SUV with 1,704 km

The all-new Xpeng G7 EREV debuts in China, featuring up to 1,704 km of range and approximately priced from RM113,940.

09-01-2026
EV
CIMB: EV Demand Will Be Resilient Despite End of Tax Holiday

CIMB: EV Demand Will Be Resilient Despite End of Tax Holiday

CIMB says EV demand in Malaysia remains resilient thanks to front-loaded inventories and delayed OMV.

EV
C&C Opens First Standalone Leapmotor Outlet In Pavilion Bukit Jalil

C&C Opens First Standalone Leapmotor Outlet In Pavilion Bukit Jalil

Cycle & Carriage (C&C) opens first standalone Leapmotor brand showroom outlet in Pavilion Bukit Jalil.

08-01-2026

Show More

trending_flat
Carz Automedia Malaysia Logo
About Us

CarzAutoMedia: Stay connected to the latest car news! Get instant updates on new releases, industry trends, and automotive innovations. Your go-to source for 24/7 coverage of everything automotive.

© 2026 CariCarz.com. All Rights Reserved.