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Nickel king Indonesia relies on China's CATL for EV supply chain ambitions
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Nickel king Indonesia relies on China's CATL for EV supply chain ambitions
Indonesia’s electric vehicle battery industry is increasingly relying on Chinese companies including Contemporary Amperex Technology (CATL) as other investors withdraw amid a slowing EV market and changes in technology, potentially leaving it with vast nickel reserves it may find difficult to build an integrated EV supply chain. At a groundbreaking ceremony for a CATL battery plant in Karawang, West Java, on June 29, Indonesian President Prabowo…
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