CATL joins hands with Indonesia to build a $6 billion power battery project


Recently, NINGBO CONTEMPORARY BRUNP LYGEND, a subsidiary of Guangdong Brunp Recycling, signed a tripartite agreement with PT AnekaTambang (ANTAM) and PT Industry Baterai Indonesia (IBI) in Indonesia to jointly build power battery industry chain projects including nickel mining and smelting, battery materials, battery manufacturing and battery recycling. Power battery industry chain project. Guangdong Brunp Recycling is a subsidiary of CATL.

According to the agreement, the three parties will invest in the construction of power battery industry chain projects in the FHT Industrial Park in East Hamahela County, North Maluku, Indonesia and other related industrial parks in Indonesia, with a total investment of no more than US$5.968 billion. This project will further improve the strategic layout of CATL in the battery industry, ensure the supply of upstream key resources and raw materials, reduce production costs, and promote the company’s battery recycling industry layout.

ANTAM is an Indonesian listed state-owned mining company. Indonesian Battery Company (IBI) is an Indonesian state-owned company. It is a newly established investment company dedicated to battery production by Indonesia National Petroleum Corporation, State Electricity Corporation, National Mining Corporation and ANTAM. It mainly invests in batteries and related industries in Indonesia and overseas. chain project.