On January 30, HYD Investment Limited—a joint venture established by leading lithium battery manufacturer EVE Energy, battery materials specialist Huayou Cobalt, and Indonesian mining services firm PT Daaz Bara Lestari—entered into a framework agreement with state-owned mining company ANTAM and Indonesia Battery Corporation (IBC). The accord aims to develop an integrated new energy industry chain in Indonesia by combining upstream resource development, midstream materials processing, and downstream battery manufacturing and recycling.
Under the terms of the agreement, the partners will pursue coordinated investments across the full battery value chain. ANTAM will leverage its extensive nickel, gold, and bauxite reserves, together with its mining and development expertise, to secure a stable supply of key raw materials. IBC will facilitate project implementation and operations on the ground, drawing on its local platforms and industrial positioning to accelerate localization and enhance execution efficiency.
EVE Energy and Huayou Cobalt will contribute their advanced research and development capabilities, end-to-end industrial management experience, and global market networks. Their involvement is expected to introduce cutting-edge technologies and operational best practices, strengthening the competitiveness of the entire value chain.
The collaboration marks a significant step in EVE Energy’s strategy to expand its global presence and establish robust, localized supply chains in Southeast Asia. By integrating upstream mining, midstream processing, and downstream battery production and recycling, the initiative is designed to bolster the region’s new energy ecosystem and support the worldwide transition to cleaner energy.
Moving forward, EVE Energy plans to capitalize on its strengths in technology development, intelligent manufacturing, and international market operations to drive high-quality growth. Through this partnership, the company aims to promote sustainable development, enhance industrial coordination across the battery supply chain, and contribute Chinese lithium-ion battery solutions to the global energy transition.
Source: Gasgoo
