CATL's subsidiary to invest up to USD5.97 billion in Indonesian power battery industrial chain project
2022-04-15 17:54:21 [Print]
CATL on April 15 announced partnership, through its holding subsidiary Ningbo Contemporary Brunp Lygend Co., Ltd., with PT Aneka Tambang Tbk. (ANTAM) and PT Industri Baterai Indonesia (IBI) to jointly invest and build power battery industrial chain project at the FHT industrail park and other related industrial parks in Indonesia. Total investment for the project is estimated at no more than USD5.97 billion.
All parties agreed to establish an end-to-end EV battery industry in Indonesia which will integrate mining, smelting, production of precursor, anode and battery, as well as battery recycling.
All parties agreed to establish an end-to-end EV battery industry in Indonesia which will integrate mining, smelting, production of precursor, anode and battery, as well as battery recycling.
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