Deputy Minister of Energy and Mineral Resources confirmed that Chinese battery giant CATL will start electric vehicle battery production in Indonesia in March 2026. CATL has found buyers for its battery products and is preparing operations as part of Indonesia's growing EV battery ecosystem. Due to Chinese government regulatory requirements, the investment will be carried out in two phases. Of the planned 15 GWh capacity, 7.5 GWh has been approved, and the remaining capacity will proceed after CATL completes regulatory and financing processes. At the same time, CATL is also raising funds through an initial public offering to achieve the full 15 GWh production target. The project's timeline and scale are proceeding as planned. CATL's project is a cornerstone of Indonesia's ambitious goal to become a key player in the global EV supply chain, and the Indonesian government sees it as part of leveraging its abundant nickel reserves to develop domestic battery and EV production. Despite concerns about slowing foreign investment, he stated that CATL's investment is on schedule, reflecting investor confidence in Indonesia's EV development plan.
Deputy Minister of Energy and Mineral Resources confirmed that Chinese battery giant CATL will start electric vehicle battery production in Indonesia in March 2026. CATL has found buyers for its battery products and is preparing operations as part of Indonesia's growing EV battery ecosystem. Due to Chinese government regulatory requirements, the investment will be carried out in two phases. Of the planned 15 GWh capacity, 7.5 GWh has been approved, and the remaining capacity will proceed after CATL completes regulatory and financing processes. At the same time, CATL is also raising funds through an initial public offering to achieve the full 15 GWh production target. The project's timeline and scale are proceeding as planned. CATL's project is a cornerstone of Indonesia's ambitious goal to become a key player in the global EV supply chain, and the Indonesian government sees it as part of leveraging its abundant nickel reserves to develop domestic battery and EV production. Despite concerns about slowing foreign investment, he stated that CATL's investment is on schedule, reflecting investor confidence in Indonesia's EV development plan.