Jakarta, CNN Indonesia —
President Director of Indonesia Battery Corporation (IBC) Toto Nugroho said Indonesia needed an investment of US$15.3 billion or equivalent to Rp.218.18 trillion (exchange rate of Rp.14,262 per US dollar) to become a player in the global market. electric vehicle battery (EV).
Toto said the value was just an estimate for the initial investment. The amount of investment required can be greater or vice versa depending on future global market conditions.
“Broadly speaking, if we want to become a global player for EV batteries, and we do have that capability, the investment cost per year is almost US$15.3 billion dollar,” said Toto in a webinar with the University of Indonesia Alumni Association (ILUNI UI), Saturday (20/11).
Meanwhile, the target is that Indonesia can produce batteries for electric vehicles by 2025. In the next four years, Toto said, his party will start mining, smelting, refining factories, and supporting infrastructure for electric vehicles.
“We need to build from mining, smelting, to recycling facilities (recycling), it will take the next 4 years. But if the infrastructure is available, of course the price will be our advantage in the global market,” said Toto.
In the same webinar, economic observer from the Faculty of Economics and Business (FEB) UI Toto Pranoto mentioned the readiness of facilities and infrastructure for electric vehicles which are targeted to be marketed by 2025.
This is because, according to Pranoto’s records, the target of preparing a charging station of 6,000 units has only reached 122 units in 2021. In addition, Indonesia also only has 13 battery swap places out of the target of 14,000.
“So I think it needs more effort to encourage this electric vehicle facility,” said Pranoto.
He also mentioned about readiness holding the state-owned company is to transfer knowledge (transfer of knowledge) in the process of making electric vehicle batteries in Indonesia.
“How is the transfer process knowledge so that we are not only spectators but can acquire expertise,” said Pranoto.
Previously, the government targeted to be able to mass produce electric vehicle (EV) batteries by 2025. BUMN Holding, IBC claimed to have prepared a road map to achieve this target.
(mln / arh)
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