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.
Indonesia aims to grab EV supply chain with CATL and Hyundai
From mines to batteries and cars, country to shoot for ASEAN hub status