Jakarta, CNBC Indonesia – The domestic electric vehicle battery industry received an investment of US$ 15 billion or around Rp. 225 trillion (an exchange rate of Rp. 15,000) as a result of a collaboration between PT Industri Battery Indonesia or Indonesia Battery Corporation (IBC) with a Chinese company, PT Ningbo Contemporary Brunp Lygend Co. Ltd. (CBL) and LG Energy Solution from South Korea (South Korea).
This was appreciated by the Minister of State-Owned Enterprises (BUMN) Erick Thohir, who considered the investment as evidence of investor confidence in Indonesia.
“We welcome investment cooperation from two large companies from China and South Korea. This provides evidence that investors are confident in Indonesia’s seriousness in developing the electric vehicle battery ecosystem,” Erick said in an official statement, Friday (5/8/2022).
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According to Erick, CBL and LG Energy Solution’s investment for the integrated electric vehicle battery project initiative is in line with the electric vehicle battery development plan that emphasizes an integrated ecosystem from upstream to downstream.
According to him, Indonesia’s efforts to become a global player in the electric battery industry require the support of many parties, ranging from the synergy of SOEs, the national private sector, central and regional governments, to foreign companies for technology transfer.
“The impact of investment is not only felt by IBC, but we also emphasize in BUMN how investment must contribute to the national and regional economy and which is no less important, create job opportunities,” said Erick.
Erick assessed that the acceleration of the development of the electric battery industry ecosystem is very important for Indonesia. Erick said that IBC also has the potential to expand cooperation with CBL and LG Energy Solution in the future.
“We at SOEs are open to cooperation, whether it’s a strategic partnership or in other forms, the important thing is that the cooperation must be mutually beneficial,” said Erick.
By strengthening and accelerating the development of the electric battery industry ecosystem, said Erick, Indonesia will later be able to take advantage of natural resources (SDA) and a large market for economic growth and job creation.
“We don’t want natural resources to only be sent out in the form of raw materials, then resold here at high prices. We want natural resources and market The big ones are a source of growth and prosperity for the Indonesian people,” said Erick.
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