Talks with potential financiers are ongoing and the loan's details could change, the people said. CATL didn't respond to requests for comment.
Contemporary Amperex Technology Co. Ltd. (CATL), the world's top maker of electric vehicle batteries, is seeking a loan of about US$1 billion ($1.29 billion) to fund an investment in Indonesia, according to people familiar with the matter.
The facility could carry a tenor of five to seven years, said the people, who asked not to be identified discussing private matters. Proceeds will finance the firm's joint venture, which plans to build a battery cell manufacturing facility in Karawang, West Java, the people said.
