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Reuters (29 June 2025)

A lithium-ion battery plant by an Indonesian company and China's CATL is expected to be in operation by the end of 2026 with initial capacity of 6.9 gigawatt hours, an Indonesian official said on Sunday.

The plant is expected to expand to produce electric vehicle batteries with storage capacity of up to 15 GWh, said energy ministry spokeswoman Dwi Anggia, adding the output will be sold to domestic and overseas markets.

The venture by Indonesia Battery Corp and Chinese giant Contemporary Amperex Technology Co is part of a $6 billion power battery project signed in 2022 by Indonesian companies, including state-miner PT Aneka Tambang Tbk (ANTM.JK), opens new tab, and a CATL consortium. The partnership spans nickel mining and processing, EV battery manufacturing and battery recycling.

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