Feb. 2022: A joint venture of Zhejiang Huayou Cobalt , Tsingshan Holding Group and China Molybdenum Co makes the first shipment of nickel mixed hydroxide precipitate to China from Morowali, the biggest nickel processing hub on Indonesia's Sulawesi island. March 2022: Hyundai launches a plant in Indonesia to produce battery-powered electric vehicles, its first in Southeast Asia.
China revisited its zero-COVID policy, reducing the severity of shutdown, quarantine and travel regulations. Original equipment manufacturers (OEMs) and suppliers continue to invest.