PT TBS Energi Utama and PT GoTo Gojek Tokopedia Commences Construction of new EV Manufacturing Plant

By: Asia Business Outlook Team | Friday, 23 June 2023

PT TBS Energi Utama and PT GoTo Gojek Tokopedia of Indonesia unveiled an electric scooter plant on Friday, as the country intends to have at least 9 million electric two-wheelers on the road by 2030.

The joint venture PT Energi Kreasi Bersama (Electrum) announced the plant would begin production in 2024 and produce 250,000 units per year. The overall investment in the West Java factory, which will include a research institute and testing track, was not disclosed.

GoTo, one of Southeast Asia's top ride-hailing and e-commerce companies, said the factory was a significant step towards converting its whole fleet to electric vehicles by 2030.

TBS Energi stated that the plant will enable the company gradually reduce its use on fossil fuels and achieve net-zero carbon emissions by 2030.

It set aside $350 million for the Electrum JV through 2025 last year. It has also set aside $150 million for renewable energy projects, according to the statement.

As part of its attempts to achieve net-zero emissions by 2060, Indonesia is increasing investment in electric car and battery manufacture.