Hyperdrive
Jokowi’s EV Ambition Takes A Step Forward With Cathode Factory
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President Joko Widodo’s ambition of building out Indonesia’s electric-vehicle supply chain is seeing another step forward with plans for a cathode plant.
Indonesian state miner Aneka Tambang, Indonesia Battery Corporation and a consortium led by South Korea’s LG Energy Solution Ltd. are building the facility as part of a $9.8 billion “grand package” to build battery production onshore, according to a statement by Indonesia’s investment ministry on Thursday.