[Huayou Cobalt: Plans to Cooperate in Building Integrated Battery Industry Chain Project in Indonesia]

Published: Jan 31, 2026 15:46

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On January 30, Huayou Cobalt announced that its controlled subsidiary HYD has signed a cooperation framework agreement with ANTAM and IBC. The three parties will collaborate in Indonesia to develop the full industry chain for new energy vehicle batteries. According to the agreement, the parties intend to invest in and construct an integrated battery industry in Indonesia, aiming to establish the country as a production base for electric vehicle batteries and other battery application products. These products will supply the domestic Indonesian market, regional markets, and international markets, thereby contributing positively to Indonesia's sustainable economic development.

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