China battery giant CATL joins US$6bil venture in Indonesia

China battery maker CATL is joint-venturing with Indonesian firms to jump start the country's EV production aspirations. — AFP

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$5.97bil 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.