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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...

Hyundai to Invests US$1B for EV Project in Indonesia

JAKARTA (TheInsiderStories) - Indonesia will sign an investment agreement with South Korea' Hyundai Motor Company regarding the electric vehicle (EV) industry in the country. The company...

China Molybdenum Buys 30% Huayeu Shares in Indonesia

JAKARTA (TheInsiderStories) - China Molybdenum Co. (CMOC) through its financial arm W-Source planned to take an indirect 30 percent stake in an Indonesian project own by...

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...

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...

Indonesia Invites Apple, Huawei, Samsung to Establish Factory

JAKARTA (TheInsiderStories) — After the Apple assembler Pegatron Corp.’ steps to invest in Batam, Riau Islands province, Indonesia also invited United States' Apple Inc.,...

Insight: Indonesia Concern to Develop Electric Car

JAKARTA (TheInsiderStories) – The Indonesian government is taking the necessary steps toward developing and producing electric vehicles in the future. The policy laws should...

Indonesia’s Pertamina Eyes Lithium Battery Market

JAKARTA (TheInsiderStories) - Indonesia’s energy producer, PT Pertamina aims to be the biggest lithium battery producer in the country, said one official on Thursday (11/29). For...