<p>➀ Indonesia Battery Corporation (IBC) and a unit of CATL have formed a joint venture to build a battery cell manufacturing plant.</p><p>➁ The JV is expected to invest up to $1.18 billion in a plant with a planned capacity of 15 gigawatt hours.</p><p>➂ The plant is expected to start production in 2027, aiming to meet domestic and global demand.</p>