Indonesia Says China Consortium To Invest $ 5 Billion In Electric Battery Company By Reuters

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© Reuters.

JAKARTA (Reuters) – Indonesia’s minister of state-owned enterprises said on Friday that a Chinese consortium would invest $ 5 billion in an electric battery company, which would include China’s Contemporary Amperex Technology (CATL). Erick Thohir spoke during a visit to China and was referring to a deal announced late last year, in which CATL would invest $ 5 billion in a lithium battery plant in Indonesia and begin production in 2024.

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