AHRP Assists ANTAM in Strategic JV with CATL Subsidiary to Advance Indonesia’s EV Battery Industry

We would like to congratulate our esteemed client, PT Aneka Tambang Tbk. (ANTAM), on the successful establishment of PT Nickel Cobalt Halmahera, a partnership with Hong Kong CBL Limited, a controlled subsidiary of Contemporary Amperex Technology Co. Limited (CATL) - the world's largest electric vehicle (EV) battery company.

Closed on 11 June 2025, this deal is a part of ANTAM's EV battery development series of transactions which were first completed in December 2023. This establishment marks a significant milestone and reflects ANTAM's firm commitment to advancing Indonesia's integrated EV battery industry, which has been designated as a National Strategic Project by the Government of Indonesia.

Led by Abdul Haris M. Rum together with Aryangga Pradana Febrianto, with support from our Associates Merina Elfian, Annisa Safira Anwar and Wildan Hasbia, we are honoured to have assisted ANTAM across a series of transactions that shape Indonesia's transition into one of the global leaders in the EV battery materials industry. We look forward to witnessing the long-term impact of this collaboration on Indonesia's industrial transformation and green economy goals.