Jakarta, April 22 -- LG's withdrawal from the "Titan Project" may delay Indonesia's goal of becoming a hub for electric vehicle (EV) batteries, Deputy Chairman of the Indonesian Energy, Mineral, and Coal Suppliers Association (Aspebindo), Fathul Nugroho, stated.

"The cancellation of the Titan Project, which was a collaboration between LGES (LG Energy Solution) and Indonesia Battery Corporation (IBC), will postpone the production target for nickel-based EV batteries," Nugroho remarked here on Tuesday.

He noted that the Titan Project was expected to be the backbone of the national battery ecosystem development in the world's largest nickel producer.

He also warned that LGES's withdrawal could delay the transfer of technology needed to pr...