China’s REPT Battero to build battery manufacturing plant in Indonesia

Hong Kong-listed REPT Battero has announced plans to invest in a new battery production facility in Indonesia. The company board approved the investment on January 10, with operations to be handled by its Indonesian subsidiary.
Although the company did not disclose the exact investment amount, it revealed that all shareholders of PT REPT BATTERO INDONESIA will inject a combined $139.5 million into the subsidiary. REPT Battero’s wholly owned unit, Infinitude International Investment Limited, will contribute $83.7 million, maintaining its 60% stake in the Indonesian venture.
The new factory will focus on manufacturing lithium-ion batteries, modules, and packs, catering to both electric vehicles and energy storage systems. The first phase of the facility is expected to achieve an annual production capacity of 8 GWh once operational. The project aligns with local government policies and aims to strengthen REPT Battero’s presence in Southeast Asia, enhancing proximity to regional customers and raw material suppliers.
REPT Battero stated that the plant would bolster resource efficiency and contribute to the company’s long-term sustainable growth. Chairman Cao Hui had previously emphasized the firm’s strategy of focusing resources on Southeast Asia to ensure steady progress before expanding into Europe and South America. He cited the importance of reducing geopolitical risks and enhancing global customer service capabilities.
In the electric vehicle battery sector, REPT Battero has established partnerships with leading automakers such as SAIC Motor, Nissan, Stellantis, Smart, and Volvo. In the energy storage segment, the company has signed contracts totaling around 40 GWh with international clients including Sunpin Solar, Vena Energy, and Energy Vault. Its storage solutions span various applications across power, transportation, and industrial sectors.
In the first three quarters of 2024, REPT Battero shipped 35.73 GWh of energy storage batteries, marking a 115.57% year-on-year increase. The company ranked third globally in total storage battery shipments and second in the small-scale energy storage segment, with 22.3 GWh of cells delivered.