Indonesia, as the main source of nickel metal in the world, is attracting more and more Chinese enterprises to invest and build factories. It has been noted that recently, another Chinese company has announced its layout in Indonesia.

On April 15, the global power battery leader Ningde Times New Energy Technology Co., Ltd. announced that it plans to invest nearly 4 billion US dollars (about 25 billion yuan) to build a power battery industry chain project in Indonesia through its subsidiaries. The announcement shows that Puqin Times, a subsidiary of Guangdong Bangpu, a subsidiary of Ningde Times, recently signed a tripartite agreement with Indonesia's PT Aneka Tambang (ANTAM) and PT Industri Baterai Indonesia (IBI).

It is reported that the three enterprises will invest in the construction of power battery industry chain projects in FHT Industrial Park in East Hamahera County, North Maluku Province, Indonesia, and other related industrial parks in Indonesia. At present, the total amount of investment in the project is no more than 5.968 billion US dollars (about 38.02 billion yuan), and the planned construction period is five years.

According to public data, Ningde Times New Energy Technology Co., Ltd. ("Ningwang"), headquartered in Ningde City, Fujian Province, China, is a leading new energy innovation and technology company in the world. focusing on the research, development, production and sales of new energy vehicle power battery systems and energy storage systems, and committed to providing first-class solutions for global new energy applications. In 2018, Ningde era was listed on the Shenzhen Stock Exchange.

Author: gdssmpa

Recommended reading:

"the fluidity of pure nickel has not been improved. The shortage of downstream raw materials affects supply [minutes of SMM Morning meeting].

"Marriage has taken a big step! Taigang stainless Steel Holdings Shandong Xinhai Industrial Co., Ltd.