Indonesia is poised to enhance its role in the global electric vehicle (EV) market by establishing the world’s first fully integrated EV battery ecosystem. This groundbreaking initiative, estimated to cost between US$6 billion and US$7 billion, is set to begin construction in June 2025, as stated by Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia. The ambitious initiative will encompass the entire EV batteries supply chain—ranging from nickel mining, refining facilities, and High Pressure Acid Leaching (HPAL) technology to the manufacturing of precursors, cathodes, and battery cells. This strategic endeavor aims to reinforce Indonesia’s position as a vital contributor to the EV revolution, utilizing its extensive nickel reserves to promote sustainable development.
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During a speech in Jakarta on June 3, Lahadalia remarked, “We want the added value from our natural resources to stay in the country.” This pledge emphasizes Indonesia’s wider industrial policy to retain value domestically and enhance its economic growth by establishing critical EV battery production within its territory.
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The integrated strategy not only aligns with global supply chain resilience initiatives but also caters to the increasing demand for locally sourced and processed battery materials in the EV sector. As the worldwide transition towards electrification accelerates, Indonesia’s foray into the comprehensive battery manufacturing arena signifies a crucial advancement towards sustainable, resource-driven industrialization.
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