KARAWANG, Indonesia -- Indonesian President Prabowo Subianto on Sunday led the groundbreaking ceremony for a $5.9 billion project to build an electric vehicle battery plant and other facilities backed by China's Contemporary Amperex Technology (CATL), as the Southeast Asian nation accelerates its drive to become a regional tech hub.
Electric vehicles
Indonesia breaks ground on $5.9 bn CATL-backed battery venture
Project comes as Prabowo renews nation's push to develop EV supply chain
Indonesian President Prabowo Subianto, center, launches the construction of an electric vehicle battery cell factory in West Java on June 30. The facility is part of a $5.9 billion investment in the nation's battery ecosystem by China's CATL and its partners. (Indonesia's presidential office)
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