According to Indonesia, the Chinese consortium is investing $ 5 billion in an electric battery company

© Reuters.

JAKARTA (Reuters) – Indonesia’s state-owned enterprise minister said Friday that a Chinese consortium would invest $ 5 billion in an electric battery company that would also include China’s contemporary Amperex technology (CATL).

Erick Thohir spoke during a visit to China, referring to a deal announced late last year that would see CATL investing $ 5 billion in a lithium battery plant in Indonesia and starting production in 2024.

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