Jakarta –
PT Aneka Tambang Tbk together with companies from China and South Korea will build an electric vehicle (EV) battery factory. The investment value is around IDR 80 trillion.
Investment Minister/Head of the Investment Coordinating Board (BKPM) Rosan Roeslani said talks with Korean and Chinese companies were ongoing.
“We are pushing for an EV battery (factory). We have already had discussions with two of them, yes at the moment it is in the final stage but maybe I won’t tell you yet but these are Korean and Chinese companies,” said Rosan, at the Ministry of Investment/BKPM Office , South Jakarta, Tuesday (15/10/2024).
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Rosan said that within 1-2 months the government would finalize the agreement with the two companies. Thus, policy implementation can be implemented immediately.
However, Rosan has not been able to reveal the identity of the investor.
“The investment is almost IDR 80 trillion, more or less US$ 5.5 billion. So it is also a very significant investment and there are actually two of them. That is collaboration with our BUMN, collaboration with PT Aneka Tambang so that God willing, this can be completed,” ” he said.
As additional information, previously the Deputy for Investment and Mining Coordination at the Coordinating Ministry for Maritime Affairs and Investment, Septian Hario Seto, revealed the potential for large investment to enter Indonesia for the development of a nickel-based electric vehicle battery ecosystem. The investment value is estimated at US$ 20 billion-US$ 25 billion or the equivalent of Rp. 312 trillion-Rp. 390 trillion (exchange rate Rp. 15,600).
Seto said that the investment value was the potential that RI could obtain in the next 5 years. This investment was made by a consortium of companies involving many countries such as China and Europe.
“But for nickel for batteries, there is still room. We can see that there may still be around, our estimate is around US$ 20-25 billion more investment that could come into this battery sector in the next 5 years,” explained Seto in the forum. discussion at Le Meridien Hotel, Jakarta, Wednesday (9/10/2024).
(shc/hns)
Pushing the Limits: Indonesia’s IDR 80 Trillion EV Battery Factory
Jakarta – In a move that’s electrifying more than just their batteries, PT Aneka Tambang Tbk has teamed up with some high-voltage friends from China and South Korea to construct a colossal electric vehicle (EV) battery factory. The price tag? A jaw-dropping IDR 80 trillion—or roughly $5.5 billion if you prefer counting in dollars.
Now, you’d think the investment minister, Rosan Roeslani, would be shouting this news from the rooftops. Instead, he’s playing a cheeky game of “guess who” with the identities of these potential investors. “We’re still talking to them,” Roeslani said, trying to keep a lid on who could be behind this mega investment. Honestly, it feels like a game of poker at the Ministry of Investment/BKPM Office.
What’s Cooking in the EV Kitchen?
Roeslani hinted that the conversations are in their final stages. “Yes, at the moment it is in the final stage,” he said, but added, “maybe I won’t tell you yet.” The suspense is killing us, Rosan! But with a hefty investment like IDR 80 trillion on the line, who wouldn’t want to keep their cards close to their chest? Maybe he’s turned this whole process into an episode of a reality TV show called “Who Wants to Build an EV Battery Factory?”
This Isn’t Just Small Change
But wait, there’s more! According to the Deputy for Investment and Mining Coordination, Septian Hario Seto, Indonesia is setting the stage for a potential EV battery bonanza. We’re not just talking about peanuts here; Seto estimates that in the next five years, an additional US$ 20-25 billion could flow into the nickel-based EV battery ecosystem. That’s the kind of investment that makes you do a double-take, isn’t it?
So, while Rosan keeps his lips zipped about the identities of the investors, Septian spills the tea on a possible consortium that includes countries from the far east to far west—because who doesn’t love a good international drama?
The Nickel Factor: A Golden Opportunity?
Now, if you’re wondering why nickel is the star of this show, you’re not alone. Nickel is the shiny superhero in our battery saga, capable of powering up EVs to new heights. There’s still plenty of room for investment in this sector, and both Korean and Chinese companies seem eager to jump aboard the nickel express.
In Rosan’s words, God willing, this collaboration with PT Aneka Tambang is on the right track, and they’re hoping it will be completed faster than you can say “green energy.” Meanwhile, other countries are probably shaking their heads wondering how Indonesia managed to strike this lucrative deal.
What Comes Next?
As we wait with bated breath for the agreement to be finalized in just a month or two, one can’t help but speculate about how this factory will transform the landscape of EV manufacturing in Indonesia. Picture this: a bustling factory setting, workers assembling batteries while dodging the latest TikTok dance trends. Talk about a real battery charge!
In all seriousness, if Indonesia manages to pull this off, it could very well be the jolt needed to position the country as a major player in the global EV market. But remember, much like a plot twist in a Ricky Gervais sitcom, we’ll have to keep an eye on the developments, because the story is just beginning.
Stay tuned, folks! As the saying goes, the only thing more exciting than a battery factory is a battery factory with a twist—or should I say “current” events!
(shc/hns)
