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CATL and Indonesian Government to invest US$6b into local battery and EV industry

Following Tesla’s failed negotiation attempts, Chinese battery manufacturer Contemporary Amperex Technology Co., Limited (CATL) has announced a US$6 billion collaboration with two Indonesian Government-owned entities to develop the country’s battery mineral mining, processing, refining, manufacturing and downstream electric vehicle (EV) industry. ....

Sulawesi Selatan , Robin Zeng , Brunp Lygend , Luhut Binsar Pandjaitan , Joko Widodo , Aneka Tambang , Amperex Technology Co , Maritime Affairs , Indonesian Government , Indonesian Government Owned , Ningbo Contemporary Brunp Lygend , Baterai Indonesia , North Maluku Province , Coordinating Minister , Investments Luhut Binsar Pandjaitan , Indonesian President Joko Widodo ,