ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Automobiles

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.

The chain begins with Indonesia's nickel reserves, the world's largest. Recently, state-owned holding company Mind Id, previously known as Inalum, acquired a 20% stake in nickel miner Vale Indonesia, the country's largest nickel producer by output, for 5.52 trillion rupiah ($374 million).

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more