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Indonesia begins $5.9bn EV battery project
Indonesia begins $5.9bn EV battery project Estelle.Bronkhorst Mon, 06/30/2025 - 05:00 JAKARTA - Indonesia broke ground on a $5.9-billion megaproject for EV battery production backed by Chinese giant CATL, despite NGOs raising concerns over a lack of environmental guarantees.Indonesia is the world's largest nickel producer and it is trying to capitalise on its vast reserves, with a 2020 export ban spurring a domestic industrial boom of the …
President Prabowo inaugurated the groundbreaking of the integrated electric vehicle battery ecosystem mega project with an investment value of USD5.9 billion or equivalent to IDR96 trillion.
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Leaning Left0Leaning Right2Center1Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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