ASEAN Approves Projects Valued Beyond 3.1 Billion US Dollars in Partnership with Guangdong Province, China

ASEAN Approves Projects Valued Beyond 3.1 Billion US Dollars in Partnership with Guangdong Province, China

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Guangxin's Multi-Billion Dollar Play in ASEAN

Get ready for a game-changer! Guangdong Guangxin Holding Group Ltd., based in China’s Guangdong province, has announced a major nickel-cobalt project in Indonesia with a total investment value of $2 billion. This project is set to become operational by the end of 2026, aiming to ensure a stable supply of nickel specifically for the global new energy battery industry[1][2][4].

According to sources, Guangxin's interest in ASEAN doesn't stop at this single nickel-cobalt project. The company is actively promoting arrangements in sectors like stainless steel, aluminum profiles, and copper-clad sheet industries within ASEAN countries. Revenue from the ASEAN region already accounts for over 80% of Guangxin’s total foreign revenue, and the company plans to continue expanding its investments in the region[1][3].

The Global Impact of Guangxin's Move

The nickel-cobalt project is particularly significant due to the rising global demand for high-quality nickel and cobalt. Both materials are critical for lithium-ion batteries used in electric vehicles (EVs) and energy storage systems[1][2]. By securing a stable supply of nickel, Guangxin’s investment is expected to alleviate potential bottlenecks in the battery supply chain, contributing to the continued growth and sustainability of the new energy sector[1][2]. The project could also foster further cooperation between Chinese enterprises and ASEAN nations in green energy and digital economy initiatives.

| Aspect | Details ||-------------------------------------------|------------------------------------------------------------------------------------|| Project Location | Indonesia || Project Type | Nickel-cobalt mining/processing for new energy batteries || Investment Value | $2 billion (part of over $3.1 billion in total ASEAN projects signed with Guangdong) || Planned Operation | By end of 2026 || Broader ASEAN Investment Plans | Expansion in stainless steel, aluminum profiles, copper-clad sheet, green energy, digital || Share of Foreign Revenue from ASEAN | Over 80% || Impact on Battery Industry | Ensures stable nickel supply for global EV and energy storage battery production |

ASEAN: A Key Area for Guangxin’s Global Operations

With this strategic move, Guangxin is positioning itself as a key player in ASEAN’s industrial and green energy landscape, supporting the region's ongoing development and directly contributing to the global transition to new energy technologies[1][3][4].

Projects with a total value of over US$3.1 billion were signed at the 2025 China (Guangdong)-ASEAN Trade Promotion and Supply Chain Cooperation Mechanism Development Coordination and Exchange Conference held on June 10 in Guangzhou, Guangdong Province. Photo from Guangdong Today

source: VNA/VNS, with additional insights from various reliable sources

1. Guangxin's $2 billion nickel-cobalt project in Indonesia signals a significant foray into the global new energy battery industry.
2. Beyond this project, Guangxin is actively pursuing arrangements in sectors like stainless steel, aluminum profiles, and copper-clad sheet industries within ASEAN countries.
3. The company's revenue from the ASEAN region already constitutes over 80% of Guangxin’s total foreign revenue, indicating a strong emphasis on this region.
4. The new energy sector can expect a boost from Guangxin’s investment, as it aims to alleviate potential bottlenecks in the battery supply chain.
5. Guangxin's investments in ASEAN could foster further cooperation between Chinese enterprises and ASEAN nations in green energy and digital economy initiatives.
6. By securing a stable supply of nickel, Guangxin's investment could contribute to the continued growth and sustainability of the new energy sector, particularly in electric vehicles and energy storage systems.

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