Ford in $4.5b deal for EV battery materials plant in Indonesia

Ford in $4.5b deal for EV battery materials plant in Indonesia

FILE PHOTO: The Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay/

US carmaker Ford has joined PT Vale Indonesia and China’s Zhejiang Huayou Cobalt’s as their new partner in a $4.5-billion nickel processing plant in Indonesia, the companies said on Thursday.

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