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China’s CATL to start building EV battery plant in January
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Investment Minister Bahlil Lahadalia speaks to reporters in the Balai Kartini building in Jakarta on Dec. 7, 2023. (TJP/Deni Ghifari)
C
hina’s Contemporary Amperex Technology Co. (CATL) is set to start construction on an electric vehicle (EV) battery plant in Indonesia in January, the government has said.
Speaking to reporters on the sidelines of the 2023 National Investment Coordinating Meeting (Rakornas) on Wednesday, Investment Minister Bahlil Lahadalia said his visit to China in late November had sought to “ensure investment in Indonesia’s EV battery ecosystem”.
That included CATL, he said, which he expected to break ground on its factory early next year.
Yuliot, an undersecretary at the ministry, told The Jakarta Post on Wednesday that the plant would be located in East Halmahera, North Maluku, and that state-owned nickel and gold miner Antam would be in charge of preparing the groundwork for the industrial area.
He added that Antam would participate in the project through PT Feni Haltim, a subsidiary specializing in ferronickel production in the region.
Read also: Antam to sign joint venture deal on EV battery plant in December
Last week, Antam business development director I Dewa Bagus Wirantaya announced that the company would sign a joint venture agreement with CATL on Dec. 10.
