China's CNGR weighs $10b battery material plant in Indonesia

China's CNGR weighs $10b battery material plant in Indonesia

FILE PHOTO: A battery charger sign for electric cars is painted on the ground of a parking ground near the soccer stadium in Wolfsburg, Germany, April 6, 2016. REUTERS/Kai Pfaffenbach/File Photo

Chinese battery material maker CNGR Advanced Material Co is planning to build a plant worth $10 billion in nickel-rich Indonesia, a local official for the company said on Wednesday.