Merdeka Battery Secures $1.4 Billion Loan for New Plant Construction

Merdeka Battery Materials, a prominent player in the battery manufacturing sector, has successfully secured a substantial loan amounting to $1.4 billion. This funding aims to facilitate the establishment of a state-of-the-art battery production facility in Indonesia. The initiative comes at a time when the global demand for sustainable energy storage solutions is surging, especially with the rise in electric vehicle sales and renewable energy applications.

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