Indonesia says China firm plans to invest in lithium battery plant


JAKARTA (Reuters): China's Contemporary Amperex Technology (CATL) plans to invest US$5 billion in a lithium battery plant in Indonesia, Indonesia's deputy minister at the coordinating ministry of maritime and investment affairs said on Tuesday (Dec 15).

The lithium battery plant will start production in 2024, deputy minister, Septian Hario Seto, told a virtual briefing.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , China , lithium battery plant , invest

Others Also Read