Battery Breakthroughs – Indonesia’s Vision for Battery Technology Leadership

In response to the surging demand in the electric vehicle (EV) market, particularly for battery electric vehicles (BEVs), Indonesia, renowned for holding the world’s largest Nickel (Ni) reserves, has set an ambitious goal of producing 600,000 EVs by 2030. Noteworthy actions have been taken to attract investments from prominent companies such as Neta (China), Mitsubishi (Japan), and Hyundai (South Korea). Hyundai, for instance, solidified its commitment in 2022 by establishing a battery manufacturing site for IONIQ 5 in Indonesia [source: Hyundai Newsroom]