Indonesia launches 7 to 8 billion dollar battery project with Chinese consortium to build integrated EV supply chain
By Eve
Indonesia has announced a 7 to 8 billion dollar partnership called Titan to build a large scale electric vehicle battery ecosystem, involving state owned firms Antam and Industri Baterai Indonesia alongside a Chinese consortium led by Zhejiang Huayou Cobalt. The project will develop a fully integrated battery supply chain from raw materials to finished batteries, with assembly in West Java and smelters, cathode precursor production and high pressure acid leach processing in East Halmahera, North Maluku. The government will hold a majority stake of 60 to 70 per cent, aiming to make Indonesia the world's second largest integrated battery producer after China.
Why it matters: A new multi billion dollar battery manufacturing hub in Indonesia could reshape global EV battery supply chains and create procurement opportunities for charging infrastructure developers as the region scales electric mobility. The government majority stake signals policy commitment to domestic EV value chains, potentially influencing future charging network tenders and local content requirements.