Erick Thohir, the Minister of State -owned Enterprise Indonesia, said yesterday that a Chinese consortium will invest 5 billion U.S. dollars (S $ 6.7 billion) to a electric vehicle battery joint venture.Co., Ltd. (CATL).

According to Reuters, Eric made the above -mentioned representation during this week's visit to China.He refers to a transaction reached at the end of last year. The Ningde Times will invest 5 billion US dollars in a lithium battery factory in Indonesia, and the factory will begin production in 2024.