Indonesia will offer government incentives starting 20 March to boost electric vehicle sales and attract investment from foreign companies. Manufacturers must have their own plants in the country to qualify for the subsidies.
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Germany’s chemical corporation BASF and French miner Eramet are finalising a $2.6 billion deal to process nickel in Indonesia, country officials said. The report comes amidst Indonesia wooing international industry to invest in its resources for use in EV batteries.
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Tesla is close to signing a preliminary agreement to build a factory in Indonesia, according to an agency report. According to the report, the factory will be designed for an annual production of one million electric cars. However, the decision for construction has not fallen yet.
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The South Korean battery cell manufacturer SK On is building a nickel supply chain in Indonesia together with two partners. Through a joint venture, the partners want to secure raw materials there and process them into intermediate products. In the end, however, the material could end up in SK On’s US-American battery plants.
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While delegates and politicians have flown into Bali, Indonesia, to attend the G20 summit starting today, some more climate-friendly news is happening. A fleet of hundreds of electric motorcycles is operating among the security forces and on shuttle duty.
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The Indonesian public transport operator Transjakarta has started a project to convert existing diesel buses to electric drive. For this purpose, the bus operator in the Indonesian capital Jakarta has signed an agreement with VKTR Teknologi Mobilitas and Equipmake. Initially, a number of buses will be converted as prototypes to be tested by Transjakarta.
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Tesla has signed contracts worth around US$5 billion to buy materials for its batteries from nickel-processing companies in Indonesia, according to a senior Indonesian cabinet minister.
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The Japanese car company Toyota is planning to invest billions to build battery-electric cars in Indonesia before the end of the decade. In addition, hybrid vehicles are also to come off the production line there.
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Jaguar driver Mitch Evans has won the first Formula E race in Jakarta, Indonesia. Evans beat Jean-Eric Vergne (DS Techeetah) and Edoardo Mortara (ROKiT Venturi Racing) for second and third place to take his third win of the season in Jakarta.
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India’s largest battery recycling company Attero plans to invest one billion US dollars over the next five years in the construction of recycling plants for lithium-ion batteries from electric vehicles, among others, in Europe, the USA and Indonesia.
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Indonesia’s investment minister, Bahlil Lahadalia, is confident that Tesla will make investments in the country. According to media reports, Elon Musk has agreed to build a plant in Central Java province after meeting with Indonesia’s President Joko Widodo.
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A South Korean consortium led by LG has signed an agreement with Indonesian state-owned companies for a project worth around nine billion US dollars. The project aims to build a complete value chain for electric vehicle batteries.
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CATL’s recycling subsidiary Brunp has entered into a partnership with Indonesian companies Antam and IBI. CATL wants to invest the equivalent of almost 5.5 billion euros in the Indonesia. The agreement focuses on nickel mining and processing, battery materials, battery manufacturing and battery recycling.
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Budding British battery cell manufacturer Britishvolt has agreed to set up a joint venture with VKTR, part of the Indonesian conglomerate Bakrie & Brothers. A memorandum of understanding initially provides for the construction of a nickel sulphate plant in Indonesia.
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Volkswagen has concluded two memoranda of understanding with Huayou Cobalt and the Tsingshan Group in China to secure access to essential battery raw materials. The three companies are planning two joint ventures.
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Hyundai has opened its first vehicle plant in Indonesia. The factory in Cikarang is the first Hyundai plant in Southeast Asia to also produce battery-electric vehicles. The first EV produced there will initially be the Ioniq 5, with a battery cell factory to follow.
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The Indonesian capital Jakarta has put 30 electric buses into operation. The electric 12-metre buses come from BYD and are operated by TransJakarta.
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Foxconn has reached an agreement with the Indonesian Ministry of Investment, the electric scooter manufacturer Gogoro and other partners to create an ecosystem around e-mobility in Indonesia. However, the system is to encompass much more than the exchangeable batteries for Gogoro scooters.
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BP and the Italian scooter manufacturer Piaggio have signed a memorandum of understanding to promote electric mobility on two and three wheels in Asia and Europe. The plan is to develop charging stations and replaceable batteries, as well as various services related to batteries and vehicles.
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Indonesia has launched a pilot project to convert motorbikes with combustion engines to electric drives. Ten motorbikes have been converted so far, and 90 more are to follow by November.
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Hyundai Motor and LG Energy Solution have reached an agreement with the government of Indonesia to build a battery cell factory in Karawang near the capital Jakarta. The factory is scheduled to start production in the first half of 2024 with an annual capacity of 10 GWh.
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Hyundai Motor Group, which includes Kia, announced expanding a partnership with ride-hailing service Grab in Southeast Asia. The focus is now on piloting new EV business models such as leasing EVs with a battery-as-a-service model or car-as-a-service model, to facilitate the switch for Grab drivers.
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LG Energy Solution will build a US$1.2 billion battery factory in the Indonesian city of Bekasi, east of Jakarta, together with the state-owned Indonesia Battery Corporation (IBC), according to a media report. The initial annual capacity is to be 10 GWh.
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Indonesian ride-hailing startup Gojek plans to make every car and motorcycle on its platform an electric vehicle by 2030, co-Chief Executive Kevin Aluwi told Reuters. Analysts suggest the move comes in preparation for a public listing but point out difficulties.
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Hyundai has selected CATL as another battery cell supplier for its electric cars based on the E-GMP platform – but probably only those vehicles that will be launched after 2023. This was reported by South Korean media and Hyundai has yet to confirm the deal.
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CATL wants to massively expand its production capacities for battery cells, to 230 GWh this year and to 1,200 GWh in 2025. In parallel, the Chinese battery manufacturer is aiming to expand to Japan, Indonesia, the USA and Europe.
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Transjakarta, the bus operator in the Indonesian capital Jakarta, plans to procure 10,000 electric buses by 2030. The first 100 electric buses are to be purchased this year.
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Chinese battery cell manufacturer CATL plans to invest five billion US dollars in a battery factory in Indonesia. According to the Indonesian government, Tesla will also send a delegation next month to discuss possible investments in a supply chain for its electric cars.
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Several state-owned Indonesian companies are planning a joint venture for batteries for electric vehicles. The joint venture, called Indonesia Battery Holding, is to contribute to the development of the entire industry.
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Following the cancellation of individual races, Formula E and the FIA have now announced that the 2019/20 season will be completely suspended for at least two months due to the Covid 19 spread. Even after that a resumption is not guaranteed.
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