Hon Hai Precision Industry Co Ltd alias Foxconn, a Taiwanese manufacturer, is rumored to be working closely with the Ministry of Investment and several companies, to support development electric car for the Southeast Asian region.
Foxconn was previously known as the main iPhone manufacturer for several countries in Southeast Asia. Indonesia is no exception. But now, Foxconn intends to expand its business market share into the electric vehicle industry.
Quoted from Reuters, Monday (24/1), the company has announced a business agreement with US startup Fisker Inc and Thai energy group PTT PCL.
Foxconn claims to have a memorandum of understanding (MoU) with a broad business scope in the electric vehicle field. The agreement includes battery manufacturing with the Ministry of Investment, Indonesia Battery Corporation (IBC), PT Indika Energy, and Taiwanese scooter vendor Gogoro which was signed last Friday.
quote Between, the collaboration to build an electric vehicle ecosystem in Indonesia with a total investment of US$ 8 billion (equivalent to Rp. 114 trillion).
The collaboration is claimed to build a new energy ecosystem in Indonesia which also includes the development of supporting industries, such as energy storage systems, to the construction of battery exchange and recycling stations.
The partnership will be on a platform called MIH which will provide hardware and software services to companies in Indonesia.
As a global company, Foxconn targets to provide at least 10 percent of the world’s electric vehicle components by 2025 to 2027.
Foxconn chairman Liu Young Way even promised to lower manufacturing costs and other costs for manufacturing cars with his experience as the world’s largest electronics assembler.
Investment Minister/Head of BKPM Bahlil Lahadalia said the signing of the MoU was a continuation of the meeting in Taiwan in October 2021. At that time, Foxconn and Gogoro were interested in developing the battery and electric vehicle industry in Indonesia.
“The Indonesian government will seriously oversee this investment plan, with BUMN partners and national entrepreneurs in Indonesia. Under the administration of President Joko Widodo for the second period, Indonesia is very focused on encouraging sustainable investment, especially promoting green energy and green industry,” Bahlil said in a statement. written last Friday.
Bahlil said that his party would oversee the investment commitment, including ensuring the smooth realization of the Taiwanese company’s investment.
“The Indonesian government, will handle all licensing, or domestic affairs, including investment incentives will be our responsibility. Foxconn and Gogoro only need to bring technology, capital and part of the market. I assure you today, this investment can be executed for progress and our awakening together,” said Bahlil.
(fry/one)
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