[EVE Energy Co., Ltd.: Affiliated Company Signs Cooperation Framework Agreement with Indonesian State-Owned Enterprises]

Published: Jan 31, 2026 15:47

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On January 30, EVE Energy announced that its partially-owned affiliate HYD Investment Limited (15% indirect stake) has signed a framework agreement with Indonesian state-owned enterprises ANTAM and IBC to collaborate across the entire new energy vehicle battery industry chain in Indonesia. The required ore will be supplied by an ANTAM subsidiary. The parties will jointly develop an integrated battery industry chain project in Indonesia, encompassing mining, smelting, refining, precursor and cathode materials, battery production, and recycling, achieving vertical integration from mining to end products.

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