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2 Chinese Investors Invest Rp4.9 Trillion to Build Electric Vehicle Battery Factory in Sulawesi : Okezone Economy

News Snapshot:

JAKARTA -Two investor from China will invest in a lithium project in Indonesia worth USD350 million. Both, Chengxin Lithium Group Co Ltd and affiliates of Tsingshan Holding Group. The lithium plant will be used to meet demand from the battery sector for electric vehicles. This was quoted from VOA Indonesia, Sunday (26/9/2021). Also Read: 4 Facts of Stupid Investment Mode, There is Forex under the guise of a Trading Robot Tsingshan turned to the lithium industry at a time when prices for the commodity soared amid rising sales of electric vehicles in China’s top market. Chengxin said the partners would…

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