The Ministry of Investment signed a memorandum of understanding (MoU) with China’s CNGR Advanced Material Co Ltd in order to support the development of the electric vehicle ecosystem in Indonesia. The signing of the cooperation with estimated investment value of US$5 billion was carried out by Secretary of the Ministry of Investment Ikmal Lukman and Chairman of CNGR Advanced Material Co Ltd Deng Weiming and witnessed by Investment Minister Bahlil Lahadalia at the B20 Investment Forum, Nusa Dua, Bali last week. To subscribe please click here
