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Indonesia aims to grab EV supply chain with CATL and Hyundai

From mines to batteries and cars, country to shoot for ASEAN hub status

Electric buggies like this are used at the international arrivals terminal of Soekarno-Hatta Airport, near Jakarta.   © Reuters

JAKARTA -- Indonesia is inching toward building an industry to supply nickel for batteries and electric vehicles. The government last month acquired a major stake in a nickel miner, following basic agreements with top South Korean and Chinese battery makers for domestic joint ventures totaling $12 billion. It is also looking to eventually become a regional hub for manufacturing electric vehicles, starting with a future partnership with Hyundai Motors.

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