VIVA – Minister of Investment /Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia revealed, the original electric vehicle battery manufacturer China , Contemporary Amperex Technology Co. Ltd. (CATL) will do groundbreaking factory electric battery in Indonesia. Bahlil said the plan would be realized this year as well. “Pray (CATL) this year we can also start groundbreakinghim,” Bahlil said in a teleconference, Friday, September 17, 2021. Bahlil admitted that CATL is also committed to investing in the development of electric vehicle batteries with a value of around US$ 5 billion, equivalent to Rp. 72.5 trillion, assuming an exchange rate of Rp. 14,500 per US dollar. In addition, there are about six to seven other countries that will also enter the same industry, including those from Southeast Asia and Europe. Even so, Bahlil did not want to mention it in more detail.
CNY - Chinese Yuan Renminbi