Chinese lithium battery maker Eve Energy has taken a further step in its overseas expansion by backing a new partnership in Indonesia aimed at building a fully integrated new energy industry chain, according to details released this week.
On Jan. 30, HYD Investment Limited — a joint venture formed by Eve Energy, Huayou Cobalt and PT Daaz Bara Lestari — signed a framework agreement with Indonesia’s state-controlled miner ANTAM and Indonesia Battery Corporation. The agreement brings together multiple partners to develop an end-to-end industrial ecosystem covering nickel resources, battery materials, manufacturing and recycling.
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The parties said the cooperation is intended to “accelerate the build-out of a comprehensive new energy industry chain in Indonesia,” marking a shift toward more coordinated industrial development as global demand for electric vehicles and energy storage continues to rise. The project is designed to combine upstream resource security with midstream processing and downstream battery production, while supporting sustainability goals.
ANTAM is expected to provide access to nickel and other mineral resources alongside its mining and development expertise, while Indonesia Battery Corporation will focus on facilitating local implementation and operational execution. Eve Energy and Huayou Cobalt will contribute battery technology, research and development capabilities, and industrial management experience to the partnership.
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For Eve Energy, the Indonesia project underlines its long-term strategy of building localized supply chains with global reach, particularly across Southeast Asia. The company said it plans to leverage its strengths in technology development and intelligent manufacturing to support green growth and contribute Chinese lithium battery solutions to the global energy transition.