Contemporary Amperex Technology Co., Ltd. (CATL) recently announced that its subsidiaries Hong Kong Times and CATI have signed an equipment and service procurement agreement with affiliate CATIB, totaling approximately USD 131 million (IDR 3.57 trillion), to support the construction of an Indonesian battery factory. The main contents of the agreement include equipment procurement (USD 109 million) covering cell production lines, module/battery pack production lines, and supporting equipment, as well as service procurement (USD 22.11 million) covering technical services such as equipment installation, commissioning, and manpower support. Payment terms are phased: 30% advance payment for equipment, 30% after installation, 30% after acceptance, and 10% after warranty period. CATIB is an Indonesian project company indirectly 70% owned by CATL. This related party transaction aims to leverage the group's supply chain advantages to reduce procurement costs and ensure the technological advancement of equipment at the Indonesian factory. CATL stated that this agreement will enhance the efficiency of overseas production bases and strengthen global market competitiveness.