JAKARTA: Chinese electric vehicle (EV) battery company Ningbo Contemporary Brunp Lygend (CBL) has agreed to invest US$420mil in Indonesia’s nickel mining and EV battery manufacturing industries.
Coordinating Maritime and Investment Affairs Minister Luhut Binsar Panjaitan said the deal involved a partnership between CBL and state-owned diversified miner PT Aneka Tambang (Antam), as well as state-owned battery maker PT Industri Baterai Indonesia (IBC).
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