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01 Jun

Indonesia touts $9 billion EV investment from UK-led consortium

Indonesia’s investment minister claims the country is close to attracting $9 billion towards its mining and electric vehicle battery sectors from a UK-led consortium. Bahlil Lahadalia told reporters this week the investment, targeted for completion in September, would include a 20 gigawatt-hour battery factory at the Bantaeng Industrial Park (BIP) in the South Sulawesi province. The official suggested the investors would include Glencore, Umicore, Envision a…
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