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Indonesia is ready to take on the world's EV battery makers

New Omnibus Law will make it easier to attract foreign investment

| Indonesia
CATL's nickel-cobalt-manganese battery cell for use in electric cars: Indonesia's consortium members are in discussions with top global EV battery makers.   © Picture-Alliance/dpa/AP

Hendra Lie is automotive industry leader at PwC Indonesia.

Indonesian President Joko Widodo has repeatedly stressed his ambition to transform the country from a commodity-driven economy into an industrial economy, by means of a so-called massive downstreaming in the extractive industry.

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