China’s Huayou to expand nickel capacity in Indonesia amid EV demand optimism

Chinese battery material provider Zhejiang Huayou Cobalt is planning a nickel project in Indonesia, making it one of the latest companies joining the trend to tap into the ore-rich country amid growing global demand for electric vehicles (EVs).

Huayou will, through its wholly owned subsidiary Huayao International Investment, join forces with Strive Investment Capital and Lindo Investment to build a nickel sulfate project in Weda Bay Industrial Park...


Yiwen Ju

July 26, 2023

11:55 GMT