Indonesia Says China Consortium to Invest $5 Billion in Electric Battery Venture


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Indonesia Says China Consortium to Invest $5 Billion in Electric Battery Venture By Reuters , Wire Service Content April 2, 2021 By Reuters , Wire Service Content April 2, 2021, at 7:45 a.m. More JAKARTA (Reuters) - Indonesia's state-owned enterprises minister said on Friday that a Chinese consortium would invest $5 billion in an electric batteries venture, which would include China's Contemporary Amperex Technology (CATL). Erick Thohir was speaking during a visit to China and was referring to a deal announced late last year, where CATL would invest $5 billion in a lithium battery plant in Indonesia and would start...