#bloomberg: World’s Top #Nickel Producer, #indonesia, Sets Out End-to-End Battery Ambition

Indonesia laid down its plans to have a complete battery production line onshore, with a state-owned holding firm to be set up by June.

The country has drafted an “end-to-end development” plan that would see four state firms supplying nickel ore, processing nickel sulfate and cobalt sulfate, and then producing cathodes and batteries, Agus Tjahajana, who heads the task force on electric-vehicle development, said in a Thursday seminar.

Resource-rich Indonesia, home to a quarter of the world’s nickel reserves, has set its sights on moving up the supply chain to become a global hub for battery-making. The surge in demand for batteries, used to power everything from mobile phones to electric vehicles, has become a tailwind for Southeast Asia’s largest economy as it seeks a way out of a recession.

Top Battery Makers Discuss $20 Billion Indonesia EV Plans (1)

Read more at: https://www.bloomberg.com/news/articles/2020-10-14/top-battery-makers-in-talks-over-20-billion-indonesia-ev-plans

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