Volkswagen to produce EV batteries with Vale, Ford, Huayou in Indonesia
Several automakers are eyeing Indonesia for its raw materials used in producing EV batteries
Volkswagen will build an electric vehicle (EV)-battery ecosystem in Indonesia by partnering with miner Vale, Ford and China's battery-minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country's investment minister said, according to a report by Nikkei Asia on April 17.
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