China’s REPT Battero to build battery factory in Indonesia

Share

From ESS News

Hong Kong-listed REPT Battero has announced plans to invest in a new battery production facility in Indonesia. The company board approved the investment on Jan. 10, with operations to be handled by its Indonesian subsidiary.

Although the company did not disclose the exact investment amount, it revealed that all shareholders of PT REPT BATTERO INDONESIA will inject a combined $139.5 million into the subsidiary.

REPT Battero’s wholly owned unit, Infinitude International Investment Ltd., will contribute $83.7 million, maintaining its 60% stake in the Indonesian venture.

The new factory will focus on manufacturing lithium-ion batteries, modules, and packs, catering to both electric vehicles and energy storage systems. The first phase of the facility is expected to achieve an annual production capacity of 8 GWh once operational.

To continue reading, please visit our ESS News website.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

India hits 100 GW solar milestone
07 February 2025 India has hit 100.33 GW of cumulative installed solar capacity, crossing a critical threshold as it moves toward its 2030 goal of 500 GW of non-fossil...