High quality lfp powerstation in indonesia

Will Indonesia become a leader in LFP cathode production outside China?

Luhut highlighted that this collaboration will establish Indonesia as a leader in LFP cathode production outside China. The factory, with an annual production capacity of 120,000 tons by the end of 2025, will supply batteries for at least 3 million EVs worldwide.

Who makes lithium iron phosphate (LFP)?

Major Chinese lithium iron phosphate (LFP) producer Jiangsu Lopal Tech has launched production at the first phase of its Indonesia-based LFP production plant. The Indonesian plant is the first overseas LFP battery material production project with over 10,000 t/yr capacity that a Chinese company has invested in, Lopal said.

How much money will Indonesia invest in LFP cathode project?

The total investment in the project amounts to USD 350 million, with projected annual revenues of USD 1.2 billion from exports to the Americas, Europe, and Asia. Luhut highlighted that this collaboration will establish Indonesia as a leader in LFP cathode production outside China.

Where is lopal LFP battery plant located?

Lopal's subsidiary Changzhou Liyuan New Energy Technology started building the first phase of the project in July last year, with a 30,000 t/yr output capacity for LFP battery material. The line started pilot production in March. The plant is located in the Kendal Industrial Park in Indonesia's Central Java province.