Webinar | Evolving Material Trends in the Body-in-White Forecast Join us February 4 as we highlight key outputs of… https://t.co/9jzPsH72wY
Indonesia aims to open EV battery plants in 2023
Indonesia plans to start producing lithium batteries for electric vehicles (EV) in 2023, along with factories that produce chemicals in batteries, according to a Reuters report on 10 December, citing the country's minister of Energy and Mines. Luhut Pandjaitan, the coordinating minister for shipping and investment, urged investors to invest in factories to produce battery chemicals from nickel ore and to invest in factories that make batteries. The government is considering Patimban in West Java as a potential site for building a battery factory, Pandjaitan said. "I have asked them to choose a site while building a battery chemical factory," he said. All work must be done by 2023. "
"We are in coordination with GEM and CATL to build lithium battery plants in Indonesia," Pandjaitan told reporters, referring to Chinese battery firm GEM Co Ltd and Contemporary Amperex Technology Ltd. In addition, the companies and their partners, which include stainless steel maker Tsingshan Holding Group, are building Indonesia's first plant to produce battery chemicals.
Significance: Indonesia is currently seeking to attract investment from EV battery producers as well as those involved in the chemicals needed for the batteries. Meanwhile, GEM expects to begin trial production at its Indonesian battery chemicals plant in August 2020, with the first phase of operations up and running by the end of next year, according to the report. GEM and its partners are currently waiting for the environmental approval to proceed further with the development of the plant. Pandjaitan said the government hopes the environmental impact studies can be completed by the end of the year.
Earlier in June this year, Pandjaitan informed about Toyota's plans to invest USD2 billion in Indonesia to develop EVs over the next four years, according to a Reuters report. "From 2019 to 2023, we will progressively increase our investment to IDR28.3 trillion (USD2 billion)," Toyoda said in a statement release by the ministry. "Because the Indonesian government already has an EV development map, Toyota considers Indonesia a prime EV investment destination," Toyoda said.
Read more articles like this one. Subscribe to AutoTechInsight
The above article is from AutoTechInsight by IHS Markit. AutoTechInsight provides a wealth of original thought leadership, data, and analysis on a broad spectrum of automotive industry topics and sectors. Content includes news and analysis, topical reports, supplier profiles, and an automaker-supplier relations database across 12 domains. Visit AutoTechInsight to view all our offerings.
- Supply chain disruption for semiconductors to the automotive sector
- An Automotive Minute: Electric Vehicles in the Biden Adminstration
- Domestic versus Imported Vehicle Loyalty
- 5G, C-V2X, and automotive connectivity in 2021
- The European CO2 Compliance Challenge
- Automotive semiconductor supply constraints expected to resolve by second half of 2021
- Global commercial-vehicle demand forecast to fall further in 2021
- Video: EU to mandate EV battery recycling
RELATED INDUSTRIES & TOPICS
Webinar | Join IHS Markit as we host our inaugural US Brand Performance Review webinar, unveiling the results of a… https://t.co/cJYjAL0HnA