JAKARTA -- Indonesia's EV battery industry is increasingly relying on Chinese companies including CATL as other investors withdraw amid a slowing EV market and changes in technology, potentially leaving it with vast nickel reserves it may find difficult to build an integrated EV supply chain.
Electric vehicles
Nickel king Indonesia relies on China's CATL for EV supply chain ambitions
Benefits of integrated production fade as new battery types reach mainstream
Indonesia banned the export of raw nickel in 2020, making domestic smelting mandatory. © Reuters
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