The estimated total battery capacity is 15 gigawatts, which can generate power for 250,000 to 300,000 cars, Energy and Mineral Resources Minister Bahlil Lahadalia said at the groundbreaking ceremony on Sunday. The venture also plans to produce battery storage for solar panels.
The world’s top maker of electric-vehicle batteries broke ground on a US$6 billion ($7.65 billion) battery material ecosystem in Indonesia as the government pushes ahead with commodity downstreaming goals.
China’s Contemporary Amperex Technology Co. Ltd. (CATL), in a joint venture with state-owned Indonesia Battery Corp. and PT Aneka Tambang, will construct a battery cell plant in the Karawang regency in the West Java province.
