AHP Advises PT Industri Baterai Indonesia on Strategic Joint Venture with Contemporary Amperex Technology Co., Limited As Part of USD5.9 Billion EV Battery Ecosystem Initiative
AHP is proud to announce its role as legal counsel to PT Industri Baterai Indonesia (“IBC”), a subsidiary of Indonesia’s leading state-owned enterprises, in its joint venture with CBL International Development, a business unit of Contemporary Amperex Technology Co., Limited (“CATL”), the world’s largest electric vehicle (EV) battery manufacturer. The joint venture forms a key component of a broader USD5.9 billion (approx. IDR96.04 trillion) initiative to develop a vertically integrated EV battery supply chain in Indonesia.
The partnership will establish Indonesia’s first end-to-end EV battery ecosystem, spanning:
- Upstream: Nickel mining and processing facilities (RKEF and HPAL) in Maluku.
- Midstream: Precursor and cathode production plants.
- Downstream: A 15 GWh battery cell and module manufacturing facility in Karawang, West Java, and a battery recycling unit to promote circular economy principles.
IBC, representing the Government of Indonesia’s strategic interests, holds 30% equity ownership in the joint venture, ensuring local participation in this high-growth sector. CATL, through its affiliate CBL International Development, brings cutting-edge lithium-ion battery technology and global automotive industry expertise to accelerate Indonesia’s energy transition.
“This transaction underscores Indonesia’s potential as a hub for sustainable energy solutions. AHP is honoured to support IBC in this transformative project, which combines cross-border collaboration with complex regulatory and structural innovation to strengthen the national industrial landscape.” – Eko Basyuni, Head of Corporate/M&A Practice
The joint venture aligns with Indonesia’s vision to leverage its world-class nickel reserves and domestic industrial capabilities, positioning the country as a critical link in the global EV supply chain. It also reflects growing international confidence in Indonesia’s investment climate and ESG-driven development agenda.
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