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Indonesia chosen to build EV battery plant

Indonesian Minister of State-Owned Enterprises Erick Thohir said on October 14 that the world’s two largest electric vehicle (EV) battery producers, Contemporary Amperex Technology Co. Ltd of China and LG Chem Ltd of the Republic of Korea, are considering a plan to build an EV battery plant worth 20 billion USD in Indonesia.
Indonesia chosen to build EV battery plant ảnh 1Indonesian Minister of State-Owned Enterprises Erick Thohir (Photo: Internet)
Jakarta (VNA) – Indonesian Minister of State-OwnedEnterprises Erick Thohir said on October 14 that the world’s two largest electricvehicle (EV) battery producers, Contemporary Amperex Technology Co. Ltd ofChina and LG Chem Ltd of the Republic of Korea, are considering a plan to buildan EV battery plant worth 20 billion USD in Indonesia.

Thohir said thepresence of foreign investors in Indonesia would make the country's competitiveedge stronger in support of energy resilience.

Early this month,Chairman of the Mining Industry Indonesia (MIND ID) company Orias Petrus Moedalsaid State-owned mining companies MIND ID and Aneka Tambang, State services companyPerusahan Listrick Negara and national petroleum company Pertamina will jointlyestablish a new venture called Indonesia Battery Holding to promote domestic EVbattery production sector.

Indonesia isknown as the biggest producer and exporter of nickel as the main raw materialfor EV batteries in the world, which could meet 27 percent of the needs of theglobal market./.

VNA

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