Antam to sign joint venture deal on EV battery plant in December
State-owned nickel and gold mining firm PT Aneka Tambang (Antam) is expected to sign a joint venture agreement with China’s Contemporary Amperex Technology Co. (CATL) to produce raw materials for electric vehicle (EV) batteries in December.
The move is part of a larger plan to build an end-to-end domestic supply chain for EV batteries in Indonesia, an effort spearheaded by state-owned PT Indonesia Battery Holding (IBC).
Antam business development director I Dewa Bagus Wirantaya said the company and CATL planned to sign the joint venture agreement on Dec. 10.
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