Gasgoo Munich- EVE Energy recently marked a major milestone in its global expansion strategy in Indonesia.
Image source: EVE Energy
On January 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-owned mining group ANTAM and Indonesia Battery Corporation (IBC). The agreement brings multiple parties together to accelerate the build-out of a comprehensive new energy industry chain in Indonesia, signaling a new phase of coordinated industrial development.
Under the agreement, the partners will pursue deep investment cooperation in Indonesia to establish an integrated value chain spanning upstream nickel resource development, midstream materials processing, and downstream battery manufacturing and recycling. The initiative is designed to strengthen global industrial footprints while fostering a more sustainable new energy ecosystem, adding fresh momentum to the worldwide transition toward greener energy.
The collaboration reflects a strategic alignment built on complementary resources and shared strengths, and represents a key step forward in upgrading coordination across the new energy supply chain. Each participant brings distinct capabilities to the partnership, creating a tightly linked and mutually reinforcing industrial framework.
ANTAM contributes its strong portfolio of nickel, gold, and bauxite resources, along with extensive mining and development expertise, providing a stable foundation for upstream raw material supply across the value chain.
IBC leverages its local platform advantages and industrial positioning to facilitate project implementation and operations, helping accelerate localization and improve execution efficiency on the ground.
EVE Energy and Huayou Cobalt bring advanced R&D capabilities, end-to-end industrial management experience, and global market reach, injecting critical technological and operational momentum into the entire value chain.
For EVE Energy, a leading global lithium battery platform company, the Indonesia move underscores its long-term commitment to globalization and the new energy sector. The project is also a pivotal step toward building localized supply chains with reach across Southeast Asia and beyond, highlighting the company's determination to support high-quality growth in the global new energy industry.
Looking ahead, EVE Energy plans to draw on its strengths in technology development, intelligent manufacturing, and global market operations. Through deeper industrial collaboration, the company aims to promote green growth and contribute Chinese lithium battery solutions to the global energy transition.
