INA, CATL, and CMBI to Establish Green Fund Focusing on End-To-End Electric Vehicle Value Chain Investment

Indonesia Investment Authority (INA), Contemporary Amperex Technology Co., Limited (CATL), and CMB International Capital Corporation Limited (CMBI) signed a Memorandum of Understanding (MoU), planning to carry out investment, fund establishment and other cooperation in the field of new energy. All parties aim to jointly invest in the establishment of a Green Fund, which will focus on end-to-end electric vehicles (EV) value chain investment primarily in Indonesia, to support Indonesia's sustainability and commitment to carbon neutrality by 2060.