Core Viewpoint - Huayou Cobalt announced a cooperation framework agreement with ANTAM and IBC to jointly invest in the electric vehicle battery supply chain in Indonesia [1] Group 1: Partnership Details - The agreement involves Huayou Cobalt's subsidiary HYD collaborating with ANTAM and IBC [1] - The three parties aim to establish an integrated battery industry project in Indonesia [1] Group 2: Project Objectives - The project intends to position Indonesia as a specialized production base for electric vehicle batteries and other battery application products [1] - Products from this initiative will target the domestic market, regional markets, and international markets [1] Group 3: Economic Impact - The collaboration is expected to contribute positively to the sustainable economic development of the local Indonesian economy [1]