JAKARTA : Taiwan-based Foxconn will launch an $8 billion investment in Indonesia in the third quarter of this year to manufacture electric vehicles and batteries, an Indonesian minister said on Wednesday.
That partnership included state-owned Indonesia Battery Corporation, energy firm PT Indika Energy and Taiwanese electric scooter vendor Gogoro. Indonesia has been trying to court Foxconn's investment for years but a previous deal agreed in 2015 collapsed.
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