#Electric Vehicle
Indonesia targets US$618 B in sustainable downstream investment: BKPM
Indonesia is setting its sights on becoming a global hub for sustainable industrial development, with an investment roadmap worth up to US$618 billion in downstream sectors by 2040.
RI-France partner to boost nickel downstream industry for EV ecosystem
The Investment Management Agency Daya Anagata Nusantara (Danantara) and Indonesia Investment Authority (INA) have signed a strategic cooperation agreement with French mining giant Eramet for the management and processing of critical minerals, particularly nickel, to support the development of a sustainable electric vehicle (EV) ecosystem in Indonesia.
Indonesia seeks real investment commitment as downstream policy bears fruit
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia reaffirms Indonesia’s commitment to its downstream industrial policy, urging foreign investors to move beyond proposals and deliver concrete commitments to support the country’s ambitions in value-added mineral processing and clean energy.
President approves Huayou as new lead in EV battery project, replaces LG Energy Solution
President Prabowo Subianto summoned Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia to the Merdeka Palace on Thursday, May 22, 2025 to discuss the formal transition of leadership in Indonesia’s landmark electric vehicle (EV) battery project, valued at US$9.8 billion (Rp165.3 trillion). Chinese battery manufacturer Huayou has officially replaced South Korea’s LG Energy Solution (LGES) in the consortium.
Experts, industry player optimistic of room for Indonesia to maneuver amid global uncertainty
A senior economist, a diplomat and an industry player are confident that there is still room for Indonesia to maneuver amid global uncertainty and instability that have particularly been triggered by economic policies of U.S. President Donal J. Trump.
Polytron launches first Indonesian-assembled electric cars
Polytron, an electronics arm of Djarum Group, launched two domestically assembled electric cars on Tuesday, May 6, 2025, apparently the first local business group to do so.
LG maintains commitment to Indonesian battery investment
Despite initial setbacks, LG remains strongly committed to its investment in Indonesia’s electric vehicle (EV) battery ecosystem, said Investment and Downstreaming Minister Rosan P. Roeslani on Tuesday, April 29, 2025.
Rosan confirms battery project continues with new partner after LG exit
Minister of Investment and Downstream/Head of the Investment Coordinating Board (BKPM), Rosan P. Roeslani, says that Indonesia’s electric vehicle (EV) battery ecosystem project will continue with a new partner following the decision by South Korea’s LG Energy Solution to partially withdraw its US$9.8 billion investment in the project.
Indonesia eyes global investors to build East Halmahera EV ecosystem after LG exit
Minister of State-Owned Enterprises (SOEs), Erick Thohir, has revealed of the government’s plan to offer an investment project for the electric vehicle (EV) battery industry ecosystem after LG Energy Solution left the project.
BCA estimates EV credit increases by 10 percent this year
PT Bank Central Asia (BCA) projects an increase in electric vehicle credit of up to 10 percent this year, with its credit financing subsidiary BCA Finance releasing total credit of Rp40 trillion (US$2.4 billion).