Ningde Times Indonesia battery plant scheduled to start production in the first half of the year

The project has been completed inJune 2025Chaired by President Prabowogroundbreaking ceremonyThe project is expected to be completed by the end of theFormal production in the first half of 2026. The project aims at establishingComplete EV Battery EcosystemThe push to move Indonesia towardsRenewable energy transitionHe noted that the successful commissioning of the project would help to reduce the country's vulnerability. He noted that the successful commissioning of the project would help to reduce the country's vulnerability toSubsidies for imported oil, electricity and fuelThe projected annual savings are approximately$58 billionThe

The project is sponsored byCBLwith the Indonesian state-owned mining company (Antam) and the Indonesian Battery Company (IBC) is jointly owned by a consortium formed by the CBL.The CBL isNintek, Brunp and Lygendof the joint venture. The construction of the project marks Indonesia'sElectric Vehicle Battery Fieldsignificant progress, which is expected to significantly increase Indonesia's share of theGlobal Electric Vehicle Marketof competitiveness. In addition, Hyundai's partnership withLG and IBCThe collaborative battery project has also beenCommissioned in July 2024BecomeThe largest electric vehicle battery factory in Southeast Asia. The successful implementation of these projects has not only boosted Indonesia'sindustrial developmentand also provides the global electric vehicle market with significantSupply Chain SupportThe