Latest news with #IndonesiaBatteryCorp
Business Times
18 hours ago
- Automotive
- Business Times
CATL breaks ground on US$6 billion Indonesia battery venture
THE world's top maker of electric-vehicle batteries broke ground on a US$6 billion battery material ecosystem in Indonesia as the government pushes ahead with commodity downstreaming goals. China's Contemporary Amperex Technology Co Ltd (CATL), in a joint venture with state-owned Indonesia Battery Corp and Aneka Tambang, will construct a battery cell plant in the Karawang regency in the West Java province. The estimated total battery capacity is 15 gigawatts (GW), which can generate power for 250,000 to 300,000 cars, Energy and Mineral Resources Minister Bahlil Lahadalia said at the groundbreaking ceremony on Sunday (Jun 29). The venture also plans to produce battery storage for solar panels. 'This groundbreaking is proof of our commitment and cooperation with our partners in China,' President Prabowo Subianto said at the event. 'This is a breakthrough, a colossal one.' The mega-project will also involve the development of nickel mines and smelters, and a battery precursor factory in the Halmahera region of North Maluku province. Indonesia is seeking to move up the global metals supply chain by having companies build smelters, battery factories and electric vehicle factories in the country. Companies including Freeport Indonesia, LG Energy Solution and BYD have billion dollar outlays along the metals supply chain. Prabowo pledged to accelerate this initiative during his presidency, and said this would also help South-east Asia's largest economy achieve energy self-sufficiency. He also called for more projects similar to CATL's battery venture, saying Indonesia needs roughly 100 GW 'to be really independent'. BLOOMBERG
Bloomberg
19 hours ago
- Automotive
- Bloomberg
CATL Breaks Ground on $6 Billion Indonesia Battery Venture
The world's top maker of electric-vehicle batteries broke ground on a $6 billion battery material ecosystem in Indonesia as the government pushes ahead with commodity downstreaming goals. China's Contemporary Amperex Technology Co. Ltd., in a joint venture with state-owned Indonesia Battery Corp. and PT Aneka Tambang, will construct a battery cell plant in the Karawang regency in the West Java province.
Reuters
19 hours ago
- Automotive
- Reuters
Indonesia-China lithium battery plant operational by end-2026, official says
JAKARTA, June 29 (Reuters) - A lithium-ion battery plant by an Indonesian company and China's CATL is expected to be in operation by the end of 2026 with initial capacity of 6.9 gigawatt hours, an Indonesian official said on Sunday. The plant is expected to expand to produce electric vehicle batteries with storage capacity of up to 15 GWh, said energy ministry spokeswoman Dwi Anggia, adding the output will be sold to domestic and overseas markets. The venture by Indonesia Battery Corp and Chinese giant Contemporary Amperex Technology Co is part of a $6 billion power battery project signed in 2022 by Indonesian companies, including state-miner PT Aneka Tambang Tbk ( opens new tab, and a CATL consortium. The partnership spans nickel mining and processing, EV battery manufacturing and battery recycling. Indonesian Energy Minister Bahlil Lahadalia, speaking at the project's groundbreaking, said the plant might also produce a type of battery to store energy from solar panels. "With the battery for solar panels, the total production capacity of this plant could reach up to 40 GWh," he said, adding that discussion with the project owner was continuing. The battery plant will be built in West Java, while the remaining subprojects will be in eastern Indonesia's nickel-rich province of North Maluku. The government of Indonesia, home to the world's largest nickel reserves, has set an ambitious target of producing some 600,000 EVs by 2030. That would be around 13 times the number sold in Indonesia last year.
Yahoo
19 hours ago
- Automotive
- Yahoo
Indonesia-China lithium battery plant operational by end-2026, official says
JAKARTA (Reuters) -A lithium-ion battery plant by an Indonesian company and China's CATL is expected to be in operation by the end of 2026 with initial capacity of 6.9 gigawatt hours, an Indonesian official said on Sunday. The plant is expected to expand to produce electric vehicle batteries with storage capacity of up to 15 GWh, said energy ministry spokeswoman Dwi Anggia, adding the output will be sold to domestic and overseas markets. The venture by Indonesia Battery Corp and Chinese giant Contemporary Amperex Technology Co is part of a $6 billion power battery project signed in 2022 by Indonesian companies, including state-miner PT Aneka Tambang Tbk, and a CATL consortium. The partnership spans nickel mining and processing, EV battery manufacturing and battery recycling. Indonesian Energy Minister Bahlil Lahadalia, speaking at the project's groundbreaking, said the plant might also produce a type of battery to store energy from solar panels. "With the battery for solar panels, the total production capacity of this plant could reach up to 40 GWh," he said, adding that discussion with the project owner was continuing. The battery plant will be built in West Java, while the remaining subprojects will be in eastern Indonesia's nickel-rich province of North Maluku. The government of Indonesia, home to the world's largest nickel reserves, has set an ambitious target of producing some 600,000 EVs by 2030. That would be around 13 times the number sold in Indonesia last year.
