Indonesia's INA, Chinese partners form $2bn EV fund
Indonesia’s sovereign wealth fund, Indonesia Investment Authority (INA), has launched a USD 2bn green electric vehicle (EV) fund with Chinese battery manufacturer CATL and the international arm of China Merchants Bank (CMB).
The three parties signed a memorandum of understanding at a business-focused side event to the G-20 Summit in Bali. The fund will invest across the EV value chain to capture growth in a market that...
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