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24 May
15:34

Indonesia announces $1.2 billion battery project

Indonesia is pushing ahead with its ambition to become a global player in the manufacturing of lithium-ion batteries. This time, it’s promising to build a 10-gigawatt-hour battery factory in Bekasi. The country’s investment minister Bahlil Lahadalia announced the $1.2 billion investment in a statement on Monday. The gigafactory is to be built by a South Korean consortium led by LG and state-owned Indonesia Battery Corporation (IBC). “The first…
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