China’s GEM to invest $8b in battery recycling hub in Kalimantan – Companies
hinese battery materials giant GEM Co., Ltd. plans to invest up to US$8 billion to develop a large-scale battery recycling and so-called green industrial park in North Kalimantan, as Indonesia ramps up efforts to build an electric vehicle ecosystem. Initial investment for the Indonesia Green Industrial Park (IGIP) is expected to reach $2 billion, with … Read more