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The Indonesian government has officially launched the construction of an integrated facility for the production of electric vehicles batteries in the Karawang area of ​​West Java, the project is being developed jointly with China and is estimated at $5.9 billion, the Jakarta Globe reported.

The project is expected to be one of the key steps towards turning Indonesia into a leading hub for the electric vehicle industry in Southeast Asia.

The construction is being carried out as part of a joint venture between state-owned mining company Aneka Tambang (Antam), the Indonesia Battery Corporation (IBC), and a Chinese consortium led by Contemporary Amperex Technology Co. Limited (CATL), Brunp Recycling and Lygend Resources.

The ceremony to launch the construction was led by Indonesian President Prabowo Subianto.