The first stage of production of LFP cathode plant in KEK Kendal

Menko Marves Luhut Binsar Pandjaitan (center) with CEO Changzhou Liyuan, Shi Junfeng (right) listening to the explanation of Director of PT LBM New Energy Indonesia Soo Hui Jin (left) about factory operations in the first stage of the production of Lithium Iron Phospate cathode factory (LFP) which is the raw material of lithium battery and the signing of strategic investment partnership between consortium Indonesia Investment Authority (INA) and Changzhou Liyuan New Energy Technology Co., Ltd for the expansion plan of LFP cathode material production in PT LBM Central Energy in Indonesia, Special Districts (INA). The production capacity of 30,000 tons in the first phase that the plan will expose an additional 90.000 tons in the II phase (total capacity of 120,000 tons per year at the end of 2025) through strategic investment partnership it is expected to play an important role in meeting global demand for the LFP battery, able to provide as many as 2,000 working fields that are 92 percent among local workers, as well as strengthening the Indonesian position in the electric vehicle industry ecosystem. ANTARA PHOTO/Aji Styawan/YU