MINISTER of Investment/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani revealed that in the near future two foreign investors from South Korea and China will build an electric vehicle battery factory or electric vehicle (EV) in the Homeland.
Rosan did not specify who the foreign investors in question were. However, currently the government and investors are finalizing an investment agreement to build an EV battery factory worth US$5.5 billion or the equivalent of IDR 85 trillion. Finalization discussions are targeted to be completed by the end of this year.
“There are Korean and Chinese companies that will build EV batteries. The investment is approximately IDR 80 trillion or US$ 5.5 billion,” said Rosan at the Ministry of Investment/BKPM office in Jakarta, Tuesday (15/10).
“We have had discussions with the two companies and now it is in the final stage. I am sure that within 1-2 months we will have completed the finalization, so that we can implement the policy,” he added.
Rosan explained that the presence of the factory is a commitment from the government together with the private sector to build an electric vehicle ecosystem, starting from upstream by building factory facilities or nickel smelters, to downstream by producing electric vehicle batteries. The plan is that foreign investors from Korea and China will collaborate with a state-owned company, namely PT Aneka Tambang (Antam).
“We are trying to build an ecosystem from upstream to downstream so that some of the investment that comes in is not only in the downstream sector, but we want to build derivative industries,” he concluded. (S-1)
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