CATL partners up with Indonesia to boost e-mobility with an investment of nearly 6 billion USD

ANTAM is a member of the state-owned mining company MIND ID of Indonesia. IBI, or the Indonesia Battery Corporation, is a state-owned company engaged in the battery electric vehicle and EV ecosystem, and also a subsidiary of MIND ID and ANTAM. ANTAM is a member of the state-owned mining company MIND ID ofIndonesia. IBI, or the Indonesia Battery Corporation, is a state-owned company engaged in the battery electric vehicle and EV ecosystem, and also a subsidiary of MIND ID and ANTAM. The...

ANTAM is a member of the state-owned mining company MIND ID of Indonesia. IBI, or the Indonesia Battery Corporation, is a state-owned company engaged in the battery electric vehicle and EV ecosystem, and also a subsidiary of MIND ID and ANTAM.

The project will further enhance CATL's footprint in the battery industry, ensure the supply of upstream raw materials and resources, lower manufacturing cost, and promote the development of the battery recycling business.

"The Indonesia project is an important milestone for CATL as we expand our global footprint, and it will become an emblem of the everlasting friendship between China and Indonesia," said Robin Zeng, founder and chairman of CATL. "We are fully confident in the development of the project in the future."

"The framework agreement we signed today is of significant importance to Indonesia as we strive to build out an EV ecosystem," said Luhut Binsar Pandjaitan, Coordinating Minister for Maritime Affairs and Investments. "I believe with the concerted efforts from all parties, the project will be successfully implemented."