{"id":8266,"date":"2022-04-15T01:48:00","date_gmt":"2022-04-15T01:48:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3726079_AE26079_0"},"modified":"2022-04-15T01:48:00","modified_gmt":"2022-04-15T01:48:00","slug":"catl-partners-up-with-indonesia-to-boost-e-mobility-with-an-investment-of-nearly-6-billion-usd","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=8266","title":{"rendered":"CATL partners up with Indonesia to boost e-mobility with an investment of nearly 6 billion USD"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul type=\"disc\">\n<li>CBL joins hands with <span class=\"xn-location\">Indonesia&#8217;s<\/span> ANTAM and IBI on the Indonesia EV Battery Integration Project <\/li>\n<li>With a joint investment of nearly <span class=\"xn-money\">6 billion USD<\/span>, the project focuses on nickel mining and processing, battery materials, battery manufacturing as well as battery recycling <\/li>\n<li>The partnership marks an important milestone for CATL&#8217;s global footprint expansion, and will promote the electric vehicle industry of <span class=\"xn-location\">Indonesia<\/span> as well<\/li>\n<\/ul>\n<p>NINGDE, <span class=\"xn-location\">China<\/span>, <span class=\"xn-chron\">April 15, 2022<\/span> \/PRNewswire\/ &#8212; On <span class=\"xn-chron\">April 14<\/span>, Ningbo Contemporary Brunp Lygend Co., Ltd.&nbsp;(CBL), a subsidiary of Guangdong Brunp Recycling Technology Co., Ltd (Brunp), signed a tri-party framework agreement with PT Aneka Tambang (ANTAM) and PT Industri Baterai Indonesia (IBI) to cooperate on the Indonesia EV Battery Integration Project, which includes nickel&nbsp;mining and processing, EV battery materials, EV battery manufacturing, and battery recycling. Brunp is a subsidiary of Contemporary Amperex Technology Co., Limited (CATL).<\/p>\n<p>With a joint investment of <span class=\"xn-money\">5.968 billion USD<\/span>, the project is located in the FHT Industrial Park of East Halmahera of <span class=\"xn-location\">Indonesia&#8217;s<\/span> North Maluku Province and other places in the country as well.<\/p>\n<p>ANTAM is a member of the state-owned mining company MIND ID of <span class=\"xn-location\">Indonesia<\/span>. IBI, or the Indonesia Battery Corporation, is a state-owned company engaged in the battery electric vehicle and EV ecosystem, and also a subsidiary of MIND ID and ANTAM.<\/p>\n<p>The project will further enhance CATL&#8217;s footprint in the battery industry, ensure the supply of upstream raw materials and resources, lower manufacturing cost, and promote the development of the battery recycling business.<\/p>\n<p>&#8220;The <span class=\"xn-location\">Indonesia<\/span> project is an important milestone for CATL as we expand our global footprint, and it will become an emblem of the everlasting friendship between <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">Indonesia<\/span>,&#8221; said <span class=\"xn-person\">Robin Zeng<\/span>, founder and chairman of CATL. &#8220;We are fully confident in the development of the project in the future.&#8221;<\/p>\n<p>&#8220;The framework agreement we signed today is of significant importance to <span class=\"xn-location\">Indonesia<\/span> as we strive to build out an EV ecosystem,&#8221; said <span class=\"xn-person\">Luhut Binsar Pandjaitan<\/span>, Coordinating Minister for Maritime Affairs and Investments. &#8220;I believe with the concerted efforts from all parties, the project will be successfully implemented.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBL joins hands with Indonesia&#8217;s ANTAM and IBI on the Indonesia EV Battery Integration Project With a joint investment of nearly 6 billion USD, the project focuses on nickel mining and processing, battery materials, battery manufacturing as well as battery recycling The partnership marks an important milestone for CATL&#8217;s global footprint expansion, and will promote [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":8267,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-8266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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