60% of electric vehicles globally to depend on made-in-Indonesia batteries, says Indonesian President

JAKARTA, Dec 11 (Vietnam News/ANN): As many as 60% of the electric vehicles (EVs) in the world will depend on the battery ecosystem that is being built in an integrated manner in Indonesia, the country's President Joko Widodo (pic) has said.

Speaking at a business forum in Jakarta on December 2, Widodo said Indonesia has abundant resources, such as nickel, copper, bauxite, and tin, that are needed to create an EV battery ecosystem.

According to him, Indonesia only lacks lithium. However, the country has expressed interest in cooperating with Australia for obtaining lithium supplies to support its EV battery ecosystem.

If the EV battery ecosystem is built in Indonesia, investment will also come in abundance because electric motorcycles and cars will replace conventional vehicles in the future, he said.

Previously, a researcher from the National Research and Innovation Agency's (BRIN) said research and exploration of lithium need to be undertaken to support the development and production of batteries for domestic EVs. - Vietnam News/ANN