Indonesian President Prabowo attends the groundbreaking ceremony in person. (Photo: Indonesia's presidential office)
Chinese EV battery giant Contemporary Amperex Technology Co. Limited (CATL) officially broke ground on a new factory in Indonesia on June 29. The project aligns with President Prabowo Subianto’s vision to establish a complete battery supply chain starting from mining and is expected to boost employment and drive economic growth. The plant’s design also emphasizes sustainability, aiming to minimize environmental impact.
Full operations by 2028, with capacity to power 300,000 EVs
The battery plant, located in Karawang, West Java, represents a $5.9 billion investment. Key stakeholders include Indonesia Battery Corporation (IBC), mining giant Aneka Tambang, CATL, Brunp Recycling (a CATL subsidiary), and Chinese battery materials producer Lygend Resources. The facility is designed with capacity of up to 15 gigawatts (GW).
