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Indonesia’s Indika Enters Electric Vehicle Business

JAKARTA (TheInsiderStories) - Mining company, PT Indika Energy Tbk (IDX: INDY) has established PT Electra Mobility Indonesia (EMI), an electric motorcycle parts and accessories producer, the management...

Indonesia Targeting to Produces 600,000 Electric Cars in 2030

JAKARTA (TheInsiderStories) - The Industry Ministry is targeting to produce 600,000 units of electric cars and 2.45 million units of battery-powered motorcycles in 2030, said the minister...

Indonesia Battery Corporation Officially Established

JAKARTA (TheInsiderStories) - State own enterprises (SOEs) ministry officially set up the Indonesia Battery Corporation, a joint venture company owned by PT Aneka Tambang Tbk (IDX:...

Indonesia Gives Tax Holiday for Electric Vehicle Producers

JAKARTA (TheInsiderStories) - The ministry of finance considered to give tax holiday for 10 years to the new investors, especially in the electric vehicle (EV) sectors,...

Mitsubishi Motors to Invests US$778M in Indonesia

JAKARTA (TheInsiderStories) — Japan’ automotive company, Mitsubishi Motors Corp., has committed to invests around Rp11.2 trillion (US$777.78 million) in Indonesia, said the minister of...

Indonesia has Potential to Grab US$17B in the Lithium Battery Projects

JAKARTA (TheInsiderStories) - Indonesia has potential to grab new investment in the lithium battery for electric vehicle (EV) projects up to US$17 billion, said the official...

GEM Aims to Increase Stakes in Indonesia’s Nickel Project

JAKARTA (TheInsiderStories) - Chinese electric vehicle (EV) battery producer, GEM Co. Ltd., aims to double its ownerships in an Indonesian nickel project at Indonesia Morowali Industrial Park...

LG Energy, SOEs Build EV Industrial Centre in Indonesia

JAKARTA (TheInsiderStories) - Indonesia will soon have the first integrated electric vehicle (EV) battery cell industrial center, after the South Korean firm, LG Energy Solution Ltd.,...

Indonesia Build Motor Vehicle Proving Ground to Support Export

JAKARTA (TheInsiderStories) - Indonesia plans to build an international standard motor vehicle “proving ground” to help the automakers capture the Southeast Asian market. The transportation ministry...

Japan’s Toyota Prepares US$2B to Build EV Plant in Indonesia

JAKARTA (TheInsiderStories) - Japan' auto-maker, Toyota Motor Corp., is preparing an investment fund up to US$2 billion in indonesia until the next five years, said the...

Supporting EV Development, PLN Partnering with Hyundai to Grab

JAKARTA (TheInsiderStories) - Power producer, PT Perusahaan Listrik Negara (PLN) signed a memorandum of understanding with South Korea Hyundai Motor Co., China' Wuling Motors, Malaysia' Grab...

South Korea’s LG Chem to Signs US$20B Lithium Battery Project This...

JAKARTA (TheInsiderStories) - The South Korean battery giant, LG Chem Ltd., to sign a joint investment agreement to develop nickel become lithium battery for electric vehicle...

Tesla Getting Closer to Build Lithium Battery Plant in Indonesia

JAKARTA (TheinsiderStories) - An American electric vehicle (EV) and clean energy firm, Tesla (NASDAQ: TSLA), has almost reached an agreement to build a battery factory in...

Indonesia’s IMIP Plans to Go IPO, Needs US$3B Investment

JAKARTA (TheInsiderStories) - A mining industrial zone' manager, PT Indonesia Morowali Industrial Park (IMIP) plans to list its shares in 2021, said the management yesterday....

China, South Korean Investors to Build Lithium Battery Plant

JAKARTA (TheInsiderStories) - Two world largest lithium battery producers for electric vehicle (EV), Contemporary Amperex Technology Co. Ltd., from China and LG Chemical Ltd., from South Korea,...

ANTAM, PLN, Pertamina Forms Indonesia Battery Holding

JAKARTA (TheInsiderStories) - State-run firms, PT Aneka Tambang Tbk (IDX: ANTM), PT Perusahan Listrik Negara (PLN), and PT Pertamina, plans to form a new venture...

Indonesia’s FSA Provides Incentives for Purchasing Electric Vehicles

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) plans to give an incentives for the purchasing and credit distributions for the electric vehicle (EV) in Indonesia,...

More Investor Invests in Indonesia’s Lithium Battery Projects

JAKARTA (TheInsiderStories) - The industry ministry had accept various investment commitments in the lithium battery projects in Indonesia. PT QMB New Energy Minerals has commit to invest...

Hyundai, LG Chemical to Set Up EV Factory in Indonesia

JAKARTA (TheInsiderStories) - Two major firms, Hyundai Motor Group and LG Chemical are working to set up an electric vehicle (EV) battery plant in Indonesia, South...

Bars Motors Build Electric Vehicles Plant in Indonesia

JAKARTA (TheInsiderStories) - Mongolian firm, Bars Motors LLC, to construct an electric vehicles assembly plant in Bumi Benowo land owned by developer and warehouse company, PT Bumi...

Indonesian Car Sales Drops in February Amid Low Demand

JAKARTA (TheInsiderStories)  - The Association of Indonesia Automotive Industries (GAIKINDO) reported, the national car sales slightly dropped from 80,424 units to 79,573 unit in February....

Grab, Hyundai Launchs GrabCar Electric in Indonesia

JAKARTA (TheInsiderStories) - Grab Indonesia and Hyundai Motor Co., launcheh GrabCar Electric in the country to support the government' initiative to bring two million electric...

Grab, Hyundai to Operates 500 EV in Indonesia Next Year

JAKARTA (TheInsiderStories) - Southeast Asia’s ride-hailing giant Grab and South Korea’s top automaker Hyundai Motor Co., announced on Friday (12/13) that it targeted 500...

Indonesia, Hyundai Signs Investment Deal US$1.5B

JAKARTA (TheInsiderStories) - Indonesian government and Hyundai Motor Co., (HMC) signed an investment deal US$1.5 billion to build electric vehicle factory in Cikarang, Bekasi, West...

Singapore Power to Build 500 EV Charging Stations in Indonesia

JAKARTA (TheInsiderStories) - Singapore Power will involve in developing of the infrastructure of electric vehicle (EV) in Indonesia, said coordinating minister for economic affairs, Airlangga Hartarto,...

Toyota Produces EV Car, Indonesian Gov’t Regulate Tariff

JAKARTA (TheInsiderStories) - Local car maker, PT Toyota Motor Manufacturing Indonesia (TMMIN) is ready to start electric vehicle (EV) production at its factory located in...

Toyota Indonesia Plans to Produce Electric Cars Starting 2022

JAKARTA (TheInsiderStories) - Indonesian car manufacturer, PT Toyota Motor Manufacturing Indonesia (TMMIN) announced ready to produce electric vehicles (EV) hybrids starting in 2022 with sport utility vehicles (SUV)...

Widodo Signs Regulations to Boost Electric Vehicle Industry

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo has signed presidential decree on the electric vehicle (EV), to prompt investors immediately start the industry.The decree contained...

US’s Tesla Looks to Build Lithium Battery Factory in Indonesia

JAKARTA (TheInsiderStories) - United States' electric vehicle maker Tesla Inc. (NASDAQ: TSLA) is looking to build a lithium battery raw material factory in Indonesian...

Vale Indonesia Prepares US$5B to Build Nickel Projects with Partners

JAKARTA (TheInsiderStories) - Publicly listed nickel miner, PT Vale Indonesia Tbk (IDX: INCO), has planned to invest US$5 billion in nickel projects with its...
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