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CATL partners up with Indonesia to boost e-mobility with investment of nearly 6 billion USD

Christian Fernsby |
CBL, a trading company mainly engaged in nickel ore trading business, joins hands with Indonesia's ANTAM and IBI on the Indonesia EV Battery Integration Project.

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On April 14, Ningbo Contemporary Brunp Lygend Co., Ltd. (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 mining and processing, EV battery materials, EV battery manufacturing, and battery recycling. Brunp is a subsidiary of Contemporary Amperex Technology Co., Limited (CATL).

With a joint investment of 5.968 billion USD, the project is located in the FHT Industrial Park of East Halmahera of Indonesia's North Maluku Province and other places in the country as well.

ANTAM is a member of the state-owned mining company MIND ID of Indonesia. 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.

The project will further enhance CATL'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.

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