On January 30, EVE Energy announced a significant development in its strategic partnerships. According to Jin10, the company revealed that its associate, HYD Investment Limited, has entered into a framework agreement with PT Aneka Tambang Tbk (ANTAM) and PT Industri Baterai Indonesia (IBC). This collaboration aims to leverage the strengths and resources of each party to develop the entire supply chain for electric vehicle batteries in Indonesia. The necessary minerals for the project will be supplied by a subsidiary of ANTAM.