JAKARTA : Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country's investment minister said.Automakers are courting Indonesia for its raw materials used i
JAKARTA : Volkswagen will build an electric vehicle battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country's investment minister said.
The partnerships would consist of joint ventures and supply raw materials, he said in a video statement from Germany, where an Indonesian delegate led by President Joko Widodo was attending industry fair Hannover Messe and meeting representatives of companies including German chemical giant BASF, Eramet and Volkswagen.
BASF did not immediately respond to a request for comment, but the company in January said details of its investment plan with Eramet would be announced once an assessment was concluded. Volkswagen, Ford, Eramet, Kalla Group, Huayou, and Merdeka Gold Copper did not immediately respond to requests for comment. PT Vale Indonesia declined to comment.
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Volkswagen to partner with Vale, Ford, Huayou on Indonesia EV battery ecosystem -ministerJAKARTA : Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country's investment minister said.Automakers are courting Indonesia for its raw materials used i
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