Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
JAKARTA, June 30 (Xinhua) — Indonesian President Prabowo Subianto on Sunday attended a groundbreaking ceremony for a major electric vehicle battery manufacturing mega project in Karawang, West Java province.
The project, with a total investment of US$6 billion, covers nickel mining and processing, battery material production, battery assembly and recycling.
Indonesia is currently the world’s largest producer of nickel and has the largest proven reserves of the metal, which is a key component in electric vehicle batteries.
The project is being implemented by state-owned mining company PT Aneka Tambang (Antam), state-owned investment holding company PT and Indonesia Battery Corporation (IBC) together with China’s Ningbo Contemporary Brunp Lygend Co., Ltd. (CBL).
“This groundbreaking ceremony is a testament to the seriousness of our leaders’ commitment to working with our partners and friends in China. We can work together on a program that I think is a tremendous, remarkable breakthrough,” Prabowo Subianto said in his speech at the ceremony.
Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia said the project is expected to create 35,000 jobs and contribute up to $42 billion a year to Indonesia’s GDP.
He also noted that the plant will be able to produce batteries for 300,000 cars, which will help reduce Indonesia’s fuel imports by about 300,000 kiloliters per year.
Bahlil Lahadalia added that the project is in line with the president’s vision for a more equitable national development. Although the project will start in Java, about three-quarters of the total investment is planned for North Maluku province. -0-