Jokowi’s EV ambition takes a step forward

PRESIDENT Joko Widodo’s ambition of building out Indonesia’s electric-vehicle supply chain is seeing another step forward with plans for a cathode plant.

Indonesian state miner Aneka Tambang, Indonesia Battery Corporation and a consortium led by South Korea’s LG Energy Solution Ltd are building the facility as part of a US$9.8bil (RM44.6bil) “grand package” to build battery production onshore, according to a statement by Indonesia’s investment ministry.