[SMM Flash]

Published: Jan 30, 2026 18:30

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Huayou Cobalt (603799.SH) announced that its controlling subsidiary, HYD, has signed a cooperation framework agreement with ANTAM and IBC. The three parties will collaborate in Indonesia around the entire industry chain of NEV batteries. The parties intend to invest in the construction of an integrated battery industry in Indonesia, aiming to establish the country as a production site for EV batteries and other battery application products. These products will supply the domestic market of Indonesia, regional markets, and international markets, thereby positively impacting Indonesia's sustainable economic development.

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