CATL, a Tesla supplier, seeks $1 billion loan to expand Indonesia plant to meet EV battery demand

From Investing.com: 2025-05-06 00:21:00

CATL, a key supplier for Tesla, is seeking a $1 billion loan to expand its plant in Indonesia, according to a report by Bloomberg. The move comes as demand for electric vehicles continues to rise globally, with companies like Tesla driving the market forward. The loan is intended to support CATL’s goal of increasing its production capacity in Indonesia to meet growing demand for EV batteries.



Read more at Investing.com: Tesla supplier CATL seeks $1 bln loan to expand Indonesia plant – Bloomberg