Indonesian President Joko Widodo launched the 2nd phase of Batang Industrial Complex in Central Java to attract global investors away from Chinese supply chains.

Indonesian President Joko Widodo launched the second phase of Batang Industrial Complex in Central Java, aiming to attract global investors seeking alternatives to Chinese supply chains. The park, already hosting 20 companies, has received $860M in investments and offers tax breaks for machinery imports. LG Energy Solution plans to start cathode production in September for electric vehicle batteries.

July 26, 2024
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