Indonesian government-backed company forms $1.2 billion battery venture with CATL
CBL International and Indonesia Battery plan to work together on a 15-GWh gigafactory project that is slated to come up in Karawang, West Java
Indonesian government-backed battery company, Indonesia Battery Corp., has formed a joint venture with the world’s largest battery-maker Contemporary Amperex Technology Co. Ltd. (CATL) to build a battery manufacturing plant in the country, according to a news report published by Bloomberg on Oct. 17.
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