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

Menko Marves Luhut Binsar Pandjaitan (second right) along the CEO of Changzhou Liyuan, Shi Junfeng (second left), Chairman of the Board of Directors of INA Ridha Wirakusumah (right) and Deputy Field Control Implementation of Investment Management BKPM Edy Junaedi (left) symbolically suppresses the first stage of the production of Lithium Iron Phospate (LFP) cathode factory which is the raw material of lithium battery and the signing of strategic investment partnership between the consortium of Indonesia Investment Authority (INA) and Changzhou Liyuan New Energy Technology Co. 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

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