LBM Energi invests 1.5 trillion rupiah in Batang SEZ for EV supply chain expansion
PT LBM Energi's investment in Batang SEZ aims to enhance Indonesia's EV supply chain and foster green battery innovation
PT LBM Energy Baru Indonesia Batang, affiliated with the global battery entity Lopal Tech Co., has initiated a substantial investment of 1.5 trillion rupiah (approximately $91 million) in Indonesia's Industropolis Batang Special Economic Zone (SEZ) to set up a lithium iron phosphate (LFP) battery material plant, which will fortify the country's electric vehicle supply chain.
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