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Indonesia breaks ground on $5.9bn CATL-backed battery venture

Indonesia breaks ground on $5.9bn CATL-backed battery venture

Nikkei Asia30-06-2025
Indonesian President Prabowo Subianto, center, launches the construction of an electric vehicle battery cell factory in West Java on June 30. The facility is part of a $5.9 billion investment in the nation's battery ecosystem by China's CATL and its partners. (Indonesia's presidential office)
REZHA HADYAN and ISMI DAMAYANTI
KARAWANG, Indonesia -- Indonesian President Prabowo Subianto on Sunday led the groundbreaking ceremony on a $5.9 billion project to build an electric vehicle battery plant and other facilities backed by China's Contemporary Amperex Technology (CATL), as the Southeast Asian nation accelerates its drive to become a regional tech hub.
Prabowo inaugurated the project in the West Java town of Karawang, where Chinese-Indonesian consortium Contemporary Amperex Technology Indonesia Battery (CATIB) is building a factory that will churn out lithium-ion batteries at a starting annual capacity of 6.9 gigawatt hours.
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