The Ministry of Industry announced that it is eyeing on the electric vehicle battery industry

News24xx.com -  The Ministry of Industry announced that it is eyeing on the electric vehicle (EV) battery industry which is foreseen to constantly grow in the domestic market. This coincides with Presidential Decree No.55/2019 on the accelerated program of electric vehicle battery and transportation.

“The regulation urges for the optimization of local contents which will later improve our industry’s competitiveness,” said Minister Airlangga Hartarto in a press release on Thursday, August 29.

Airlangga argues that preparing the supporting industries will accelerate the EV industry, and in the same time act as an element of added-value for the Indonesian industry. Peripheral industries refer to those producing power control units, electric motors, and batteries.

He maintains that Indonesia only needs to invest in the battery cell industry to complete the elements that will later support the production of EVs as mine concentrate refinery, electrochemical production has been invested at the Morowali Industrial Complex (IMIP) in Central Sulawesi.

“There is an electric vehicle automaker that showed commitment to do the battery pack assembly if battery cells are invested in,” said Airlangga.

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