Four Chinese companies are set to invest in and build manufacturing facilities in Indonesia for electric vehicle-related businesses, from battery development to data centers, Pandu Sjahrir, chief investment officer of the Daya Anagata Nusantara Investment Management Agency (Danantara), said on May 25. Pandu told the Global Business Summit on Belt and Road Infrastructure Investment in Jakarta that Chinese investments could help develop Indonesia’s human capital and technological expertise, according to a report by the Indonesia Business Post. In a separate report by the Jakarta Post on May 23, Danantara CEO Rosan Roeslani said that the state assets fund will back two EV battery supply chain projects led by CATL and Zhejiang Huayou Cobalt, respectively. [Indonesia Business Post, the Jakarta Post]
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