Indonesia Battery Corporation, together with Ningbo Bangpu Cycle under CATL, is jointly building a lithium battery factory in Karawang, scheduled to commence production in July 2026. Currently, the overall project construction and preparation progress has reached 90%, and President Prabowo is expected to attend the inauguration ceremony. According to the President Director of Indonesia Battery Corporation, the joint venture battery factory will have an annual production capacity of 6.9 GWh. After production begins, it will mass-produce two mainstream power batteries: NMC lithium batteries and LFP batteries, with a clear capacity allocation: LFP batteries account for 80%, and NMC batteries account for 20%. The two types of batteries have different application scenarios: LFP batteries have a wider range of applications, including not only new energy vehicles but also supporting energy storage systems for solar power stations and data centers; NMC batteries are specifically supplied for new energy vehicles. In terms of market strategy, the company has secured potential procurement partners, and product supply volumes will be flexibly adjusted based on the actual needs of Indonesian domestic brand-licensed automotive companies. Currently, the adoption of new energy vehicles in Indonesia is steadily increasing, and the demand for energy storage facilities is rising, indicating a promising outlook for the domestic battery market. At the same time, the factory has completed plans for export channels. NMC batteries will mainly be exported to Germany to meet the production material needs of local automotive companies; LFP energy storage batteries will primarily target the Japanese market to fulfill orders from the local energy storage industry. To build a comprehensive local lithium battery industry system, the company is actively promoting professional talent development. The company has selected 600 employees to study in China, systematically learning core technologies in battery research and manufacturing, and focusing on cultivating a local professional engineering team. Additionally, it is collaborating with local Indonesian universities on industry-academia-research partnerships to strengthen the talent pool. The establishment and operation of this factory will significantly enhance Indonesia's domestic self-sufficiency in lithium batteries and improve the downstream processing industrial chain for nickel resources. The products will serve both domestic demand and export markets, supporting the development of the country's new energy vehicle and energy storage industries while expanding overseas markets through exports, positioning Indonesia to occupy a more important role in the global lithium battery industry supply chain.