China’s GEM enters nickel JV project in Indonesia amid EV boom

GEM, the biggest recycler of used batteries in China, has signed a multi-party agreement to build a nickel project costing up to $500 million in Indonesia amid a growing global market for electric vehicles (EVs).

GEM Wuxi Energy Materials, a wholly owned company under GEM, and another related unit hold more than half the shares in the joint venture, GEM said in a filing to...


Yiwen Ju

Dylan Duan

July 21, 2023

07:35 GMT

Singapore, Shanghai