JAKARTA (Reuters) – The Indonesia Investment Authority, the country’s sovereign wealth fund, is to set up a green electric vehicle (EV) fund of at least $2 billion with China’s battery maker CATL and CMB International, the fund’s CEO Ridha Wirakusumah said on Monday.
The announcement was made in a livestreamed business conference on the sidelines of the G20 summit. Ridha did not disclose the size of the fund.
(Reporting by Gayatri Suroyo and Stefanno Sulaiman; Editing by Ed Davies)
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