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.
(This story has been refiled to remove reference to the CEO not disclosing fund size in paragraph 2)
(Reporting by Gayatri Suroyo and Stefanno Sulaiman; Editing by Ed Davies)
