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Indonesia Battery Corp. in talks with European automakers on EVs

IBC also plans to acquire Australian lithium mines, says top official

IBC President Director Toto Nugroho speaks to Nikkei Asia in London at the Indonesia Investment Forum on Oct. 27. (Photo by Rhyannon Bartlett-Imadegawa)

LONDON -- Indonesia Battery Corp. is in discussion with European carmakers for investment into the Southeast Asian country, the chief of the state-owned company told Nikkei Asia, saying an announcement can be expected in a few weeks.

IBC President Director Toto Nugroho also said plans to source lithium, a mineral essential to electric vehicle batteries, could involve acquiring mines in Australia.

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