Southeast Asia’s largest battery industry project

Context
Indonesia, the world’s largest nickel producer, has initiated a major push into the electric vehicle (EV) battery supply chain to harness its abundant nickel reserves. The government launched a $5.9-billion megaproject to become a global hub for EV battery manufacturing.

Key Highlights

• Total Investment: $5.9 billion

• Major Backer: Contemporary Amperex Technology Co. Ltd. (CATL), a leading Chinese battery giant

Locations

1. Halmahera Island (Eastern Indonesia)

2. Karawang, West Java (Near Jakarta)