Latest news with #PTAnekaTambang
The Star
21 hours ago
- Automotive
- The Star
Indonesia launches major EV battery project in West Java
JAKARTA, June 29 (Xinhua) -- Indonesian President Prabowo Subianto on Sunday attended a groundbreaking ceremony for a major electric vehicle (EV) battery megaproject in Karawang, West Java. With a joint investment of nearly 6 billion U.S. dollars, the initiative will encompass nickel mining and processing, battery materials production, battery manufacturing, and recycling. Indonesia is currently the world's largest producer of nickel and holds the biggest-known reserves of the metal, an essential component in EV batteries. The project is a joint operation between Indonesia's state-owned miner PT Aneka Tambang (Antam), the state-owned investment holding company PT and Indonesia Battery Corporation (IBC), in collaboration with Chinese firm Ningbo Contemporary Brunp Lygend Co., Ltd. (CBL). "This groundbreaking is proof of our leaders' seriousness in collaborating with our partners and our friends in China. We can work together on a program that I think can be called colossal, an extraordinary breakthrough," Prabowo said in his speech. Indonesia's Energy and Mineral Resources Minister Bahlil Lahadalia said that the project is expected to create 35,000 jobs and contribute up to 42 billion dollars annually to Indonesia's GDP. Bahlil noted that the plant will have the capacity to supply batteries for 300,000 vehicles, which would help reduce Indonesia's fuel imports by approximately 300,000 kiloliters per year. He added that the project aligned with Prabowo's vision for more equitable national development. While it was launching in Java, about three-quarters of the total investment is set to be directed to North Maluku province.
CNA
a day ago
- Automotive
- CNA
Indonesia-China lithium battery plant to be operational by end-2026
JAKARTA: 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 an initial capacity of 6.9 gigawatt hours, an Indonesian official said on Sunday (Jun 29). The plant is expected to expand to produce electric vehicle batteries with a 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 and Chinese giant Contemporary Amperex Technology (CATL) is part of a US$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 about 600,000 EVs by 2030. That would be about 13 times the number sold in Indonesia last year.
Bloomberg
a day 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.
Bloomberg
05-06-2025
- Business
- Bloomberg
Indonesia Halts Nickel Mine Near Dive Hotspot on Tourism Concern
Indonesia will suspend production at a nickel mine near a diving hotspot in the east of the country over concerns it could impact tourism. Owned by state firm PT Aneka Tambang, the mine in the Raja Ampat archipelago in West Papua will be halted while a government team investigates its impact on the area, Energy and Mineral Resources Minister Bahlil Lahadalia told reporters on Thursday. The region is a marine protected area and internationally renowned among divers for its coral reefs and biodiversity.
