Huge investment deal in Indonesia as China Battery Giant CATL joins US$6 billion venture


JAKARTA, April 16 (Bloomberg): China’s top battery producer plans to boost its presence in the aspiring electric-vehicle hub of Indonesia by partnering with local state-owned groups to build a US$5.97 billion mining-to-batteries complex.

A unit of Contemporary Amperex Technology Co. Ltd. will join PT Aneka Tambang and PT Industri Baterai Indonesia on the project that spans everything from nickel mining to battery materials, recycling, and an EV batteries factory.

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Indonesia , Invesment , China , CATL , US$6 Billion , Venture

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