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CATL invests in Indonesia power battery project

 Last Update: 2022-05-17
 Source: Internet
 Author: User

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On April 15, Ningde Times announced that in order to ensure the supply of key upstream resources and raw materials, the company plans to have its holding subsidiary Prokin Times and its partners PT Aneka Tambang Tbk.

Previously, the second meeting of the third board of directors of CATL reviewed and approved the "Proposal on the Investment and Construction of Power Battery Industry Chain Projects by Holding Subsidiaries in Indonesia", and agreed to the company's holding subsidiary Prokin Times to invest in the construction of the above projects, and agreed to its Sign the relevant "Framework Agreement" with ANTAM and IBI

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