Jakarta, CNBC Indonesia – Good news came this week, after the government revealed the possibility of two world electric vehicle battery manufacturers, namely Contemporary Amperex Technology Co. Ltd. (CATL) from China and LG Chem Ltd from South Korea will invest around US $ 20 billion or the equivalent of Rp 296 trillion (assuming an exchange rate of Rp 14,800 per US $) in the battery project in Indonesia.
Bloomberg on Wednesday (14/10/2020) wrote that the two companies had signed a Heads of Agreement with PT Aneka Tambang Tbk (ANTM) last month to produce added value from Antam’s nickel products.
“This is a breath of fresh air. Indonesia’s efforts, which have abundant mining wealth to downstream the mineral and coal industry, immediately get a good response from foreign investors. This is proof that Indonesia’s policy is right.” said BUMN Minister Erick Thohir.
“With the presence of foreign investment to support national programs in this industry, I am sure that the sustainability aspect will continue to develop and we will be stronger in our competitiveness to support energy security for Indonesia,”
He continued, Indonesia has been known as the world’s largest nickel producer and exporter, controlling 27% of global market needs. In fact, nickel is the main raw material for electric car batteries.
Therefore, the Ministry of BUMN issued a policy to innovate business models in this industry and increase the value of this abundant nickel supply chain. The goal, namely none other than to take advantage of profits as well as to build the lithium battery industry in the country.
So, what is the future business plan for the Indonesian electric vehicle battery supply chain? Check out the following reviews.
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