PR95489

NINGDE, China, Apr. 15, 2022 /PRNewswire=KYODO JBN/--

- CBL joins hands with Indonesia's ANTAM and IBI on the Indonesia EV Battery

  Integration Project

- With a joint investment of nearly 6 billion USD, the project focuses on nickel

  mining and processing, battery materials, battery manufacturing as well as

  battery recycling

- The partnership marks an important milestone for CATL's global footprint

  expansion, and will promote the electric vehicle industry of Indonesia as well

On April 14, Ningbo Contemporary Brunp Lygend Co., Ltd. (CBL), a subsidiary of

Guangdong Brunp Recycling Technology Co., Ltd (Brunp), signed a tri-party

framework agreement with PT Aneka Tambang (ANTAM) and PT Industri Baterai

Indonesia (IBI) to cooperate on the Indonesia EV Battery Integration Project,

which includes nickel mining and processing, EV battery materials, EV battery

manufacturing, and battery recycling. Brunp is a subsidiary of Contemporary

Amperex Technology Co., Limited (CATL).

With a joint investment of 5.968 billion USD, the project is located in the FHT

Industrial Park of East Halmahera of Indonesia's North Maluku Province and

other places in the country as well.

ANTAM is a member of the state-owned mining company MIND ID of Indonesia. IBI,

or the Indonesia Battery Corporation, is a state-owned company engaged in the

battery electric vehicle and EV ecosystem, and also a subsidiary of MIND ID and

ANTAM.

The project will further enhance CATL's footprint in the battery industry,

ensure the supply of upstream raw materials and resources, lower manufacturing

cost, and promote the development of the battery recycling business.

"The Indonesia project is an important milestone for CATL as we expand our

global footprint, and it will become an emblem of the everlasting friendship

between China and Indonesia," said Robin Zeng, founder and chairman of CATL.

"We are fully confident in the development of the project in the future."

"The framework agreement we signed today is of significant importance to

Indonesia as we strive to build out an EV ecosystem," said Luhut Binsar

Pandjaitan, Coordinating Minister for Maritime Affairs and Investments. "I

believe with the concerted efforts from all parties, the project will be

successfully implemented."

Source: CATL