Azure: Plans to invest $290 million in Indonesia to build lithium battery project

Published: Jul 9, 2026 17:21

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[Azure: Plans to invest $290 million in Indonesia to build lithium battery project] Azure announced that the 15th meeting of the company's 7th Board of Directors reviewed and approved the "Proposal on Lithium Battery Project Investment in Indonesia," agreeing to invest in the construction of a lithium battery project in Indonesia. The project has a total planned investment of $290 million, and involves building a new 5GWh cylindrical lithium battery manufacturing project. After full completion and reaching full production, it is expected to achieve an annual capacity of 5GWh for various lithium battery models, including 21700.

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