Indonesia is in Collaboration with China and Korea to Build Electric Car Battery Factory Worth IDR 80 Trillion

PT Aneka Tambang Tbk together with companies from China and South Korea will build an electric vehicle (EV) battery factory. The investment value is around IDR 80 trillion. Minister of Investment/Head of Investment Coordinating Board (BKPM) Rosan Roeslani said talks with Korean and Chinese companies were underway.

“We encourage the (factory) EV battery. We have talks with two even at this time at this time we are final stage but maybe I don’t say it first, but this is a Korean and Chinese company,” said Rosan, at the Ministry of Investment/BKPM office , South Jakarta, Tuesday (10/15/2024).

Rosan said, within 1-2 months the government will complete the agreement with the two companies. Thus, policy implementation can be implemented immediately.

“The investment is almost IDR 80 trillion, more or less yes US $ 5.5 billion. So that is also a very significant investment and there are actually two. That is cooperation with our BUMN, cooperation with PT Aneka Tambang so that God willing can be completed, “He said.

In addition to information, previously the Deputy for Investment and Mining Coordinating Ministry for Coordinating Ministry of Maritime Affairs and Investment Septian Hario Seto revealed the potential for large investment can enter Indonesia for the construction of nickel -based electric vehicle battery ecosystems. The investment value is estimated at US $ 20 billion- US $ 25 billion or equivalent to IDR 312 trillion – IDR 390 trillion (exchange rate of IDR 15,600).

Seto said, the value of the investment is a potential that Indonesia can get in the next 5 years. This investment is instilled from a consortium of companies involving many countries such as China to Europe.

“But for nickel for the battery, this room is still there. We see that there may still be around, our estimates are around US $ 20-25 billion more investments that can enter this battery sector in the next 5 years,” explained Seto in the forum Discussion at Le Meridien Hotel, Jakarta, Wednesday (9/10/2024).

October 15, 2024, detikFinance(https://finance.detik.com/industri/d-7589639/ri-gandeng-china-korea-mau-bangun-pabrik-baterai-mobil-listrik-rp-80-t)