Jakarta, CNBC Indonesia – Apple cs assembler manufacturer Hon Hai Precision Industry Co. Ltd. (Foxconn) brings shocking news. They will invest in the electric battery sector in Indonesia.
The Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia signed a Memorandum of Understanding (MoU) with Hon Hai Precision Industry Co. Ltd. (Foxconn), Gogoro Inc., PT Industri Battery Indonesia (IBC), and PT Indika Energy Tbk.
The cooperation is carried out in Investment in the Development of Sustainable New Energy Ecosystems through Investment in Electric Batteries, Electric Vehicles, and Supporting Industries with the Build-Operate-Localize (BOL) cooperation scheme.
The signing was done virtually at the offices of the Ministry of Investment/BKPM and Taipei, Taiwan this afternoon (21/1). Minister of State-Owned Enterprises (BUMN) Erick Thohir was also present to witness the signing.
Through this Memorandum of Understanding, Foxconn together with Gogoro, IBC, and Indika will explore cooperation in investing in a comprehensive electric vehicle (EV) ecosystem in Indonesia, starting from the manufacture of electric batteries (including battery cells, battery modules, and batteries), to to industrial development of four-wheeled electric vehicles, two-wheeled electric vehicles, and electric buses (E-Bus).
The scope of cooperation also includes the development of EV supporting industries which include energy storage systems (ESS), battery exchange/swap stations, battery recycling, as well as research and development (R&D) in the field of electric batteries and EVs.
The estimated total investment value in these projects by all business partners is estimated to reach USD 8 billion or around Rp. 114 trillion. The entire project is expected to generate a total market capitalization of more than USD 100 billion in Indonesia by 2030.
Minister of Investment/Head of BKPM Bahlil Lahadalia expressed his appreciation for the signing of the Memorandum of Understanding this afternoon, as a continuation of the meeting in Taiwan in October 2021. At the meeting, the interest of the two companies, Foxconn and Gogoro, to develop the battery and electric vehicle industry in Indonesia was discussed. , which is manifested in the commitment to cooperation this afternoon.
“Today we are entering a new era. The Indonesian government will seriously oversee this investment plan, with SOE 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 energy. industry,” said Bahlil.
The Minister of Investment/Head of BKPM also stated that Foxconn and Gogoro’s decision to choose Indonesia as a place to invest was very appropriate. Indonesia has added value for investors in three ways, namely a large market where 43% of ASEAN’s population is in Indonesia; Indonesia is the only ASEAN country that is included in the G20; and the growth of the upper middle class in Indonesia is getting better day by day. President Joko Widodo has also assigned the Ministry of Investment/BKPM to oversee this investment commitment.
(Hi Hi)
–
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/FQL4LQ6DTBGDVPVE2S5PHO6IAM.jpg "“Baby Shark”, first video with more than 10,000 million views on YouTube | TRENDS")
