CATL(SZ:300750) 鑫椤锂电·2025-07-01 07:11Core Viewpoint - The establishment of the "Dragon Project" in Indonesia marks a significant step for CATL in expanding its battery production capacity, positioning Indonesia as a key player in the electric vehicle battery sector in Southeast Asia [2][3]. Group 1: Project Overview - The "Dragon Project" is a joint investment initiative involving CATL, Indonesian state-owned enterprises Antam and IBC, with a total investment of approximately $6 billion (around 42.9 billion RMB) [2]. - The project aims to produce batteries sufficient for 300,000 electric vehicles annually, with plans to add photovoltaic energy storage battery production lines, potentially increasing total capacity to 40 GWh if approved [2]. Group 2: Production Capacity and Timeline - The initial production capacity of the factory is set at 6.9 GWh, expected to be completed and operational by the end of 2026, with plans to gradually expand to 15 GWh [3]. - In 2024, CATL plans to establish a joint venture with IBC, investing $1.2 billion to build a 15 GWh battery factory in Karawang, West Java [3]. Group 3: Strategic Importance - The investment is anticipated to significantly enhance Indonesia's capacity in the electric vehicle battery sector, making it the largest producer in the ASEAN region [3]. - CATL is also seeking approximately $1 billion in loans to support the construction of this battery factory, indicating a strong commitment to the project [3].