Bisnis.com, JAKARTA– The government has grown increasingly impatient over delays in the realization of the electric vehicle (EV) battery ecosystem project being developed by the Zhejiang Huayou Cobalt Co. consortium in partnership with Indonesia Battery Corporation (IBC). The groundbreaking ceremony, initially promised to take place by the end of October this year, has been postponed multiple times.

The investment initiative, known as the Titan project, had previously stalled following the withdrawal of the LG consortium. However, Huayou stepped in to replace LG Energy Solution and pledged to fast-track the project’s progress.