Chinese battery material manufacturer Zhongwei New Materials Co., Ltd. plans to build a battery material factory worth $ 10 billion (S $ 13.251 billion) in Indonesia.
According to Reuters on Wednesday (October 30), the Indonesian director Magdalena Veronika of Zhongwei said on the same day that the $ 10 billion investment will be completed within 10 to 15 years.The company is looking for a suitable place for the factory.
Wirenica said that the project has been awarded the status of a national strategic project by the Indonesian government, and added that the project requires 3,000 to 3,000 hectares of land.
Indonesia hopes to use the rich nickel ore it has, plus a series of reward plans to attract more electric vehicle manufacturers and battery manufacturers to invest in Factory to produce batteries in Indonesia.
According to Agence France -Presse earlier reports, a number of electric vehicle manufacturers such as BYD and Vietnam Vietna Vietnam also chose to settle in Indonesia.
Chinese car manufacturer Wuling announced last month that it will produce electric vehicle batteries at the Indonesian factory by the end of this year.
