Indonesia aims to start electric vehicle production in 2022

[Nike]

Indonesia aims to start electric vehicle production in 2022

JAKARTA (Reuters) - Indonesia is aiming to start producing electric vehicles (EVs) in 2022, a senior official at the Industry Ministry told Reuters on Thursday, after a number of companies disclosed plans to invest in the country.

Indonesia is pushing for the development of EV and battery production facilities to create a downstream industry for the country’s rich supplies of nickel laterite ore, which is used in lithium batteries.

Companies such as Toyota Motor Corp and Hyundai have expressed interest in building EV plants in Indonesia, Southeast Asia’s second-largest car production hub.

Toyota has committed to invest $2 billion in Indonesia over the next five years, part of which will be used to produce EVs, Industry Minister Airlangga Hartarto, told reporters on Thursday.

“By 2022, production of electric-based vehicles should start,” said Harjanto, director general of metal, machinery, transportation and electronics at the Industry Ministry, adding that the government has targeted EVs to reach a 20% share of national car production by 2025.

ADVERTISEMENT

Speaking on the sidelines of Indonesia’s largest car show, Harjanto said the government is finalising the revision of a luxury car tax scheme to encourage the production of cars with lower carbon emissions.

The government is also offering tax holidays for companies producing EV batteries in Indonesia.


“Recently there were a few battery companies which met the (industry) minister, but it is still an initial intention,” Harjanto said, declining to name the companies.

“They see Indonesia has big potential to develop electric-based products due to the availability of raw material,” he said.

Several companies are currently developing smelters with high pressure acid leach (HPAL) technology to produce battery chemicals in Indonesia, including China’s Tsingshan Group.

Reporting by Bernadette Christina; Writing by Fransiska Nangoy; Editing by Kirsten Donovan

Our Standards:The Thomson Reuters Trust Principles.
https://www.reuters.com/article/us-...tric-vehicle-production-in-2022-idUSKCN1UD1OG

 

[vi-va]

Indonesia aims to start electric vehicle production in 2022

JAKARTA (Reuters) - Indonesia is aiming to start producing electric vehicles (EVs) in 2022, a senior official at the Industry Ministry told Reuters on Thursday, after a number of companies disclosed plans to invest in the country.

Indonesia is pushing for the development of EV and battery production facilities to create a downstream industry for the country’s rich supplies of nickel laterite ore, which is used in lithium batteries.

Companies such as Toyota Motor Corp and Hyundai have expressed interest in building EV plants in Indonesia, Southeast Asia’s second-largest car production hub.

Toyota has committed to invest $2 billion in Indonesia over the next five years, part of which will be used to produce EVs, Industry Minister Airlangga Hartarto, told reporters on Thursday.

“By 2022, production of electric-based vehicles should start,” said Harjanto, director general of metal, machinery, transportation and electronics at the Industry Ministry, adding that the government has targeted EVs to reach a 20% share of national car production by 2025.

ADVERTISEMENT

Speaking on the sidelines of Indonesia’s largest car show, Harjanto said the government is finalising the revision of a luxury car tax scheme to encourage the production of cars with lower carbon emissions.

The government is also offering tax holidays for companies producing EV batteries in Indonesia.


“Recently there were a few battery companies which met the (industry) minister, but it is still an initial intention,” Harjanto said, declining to name the companies.

“They see Indonesia has big potential to develop electric-based products due to the availability of raw material,” he said.

Several companies are currently developing smelters with high pressure acid leach (HPAL) technology to produce battery chemicals in Indonesia, including China’s Tsingshan Group.

Reporting by Bernadette Christina; Writing by Fransiska Nangoy; Editing by Kirsten Donovan

Our Standards:The Thomson Reuters Trust Principles.
https://www.reuters.com/article/us-...tric-vehicle-production-in-2022-idUSKCN1UD1OG

Awesome. Better than fossil.

 

[GraveDigger388]

Indonesia aims to start electric vehicle production in 2022

JAKARTA (Reuters) - Indonesia is aiming to start producing electric vehicles (EVs) in 2022, a senior official at the Industry Ministry told Reuters on Thursday, after a number of companies disclosed plans to invest in the country.

Indonesia is pushing for the development of EV and battery production facilities to create a downstream industry for the country’s rich supplies of nickel laterite ore, which is used in lithium batteries.

Companies such as Toyota Motor Corp and Hyundai have expressed interest in building EV plants in Indonesia, Southeast Asia’s second-largest car production hub.

Toyota has committed to invest $2 billion in Indonesia over the next five years, part of which will be used to produce EVs, Industry Minister Airlangga Hartarto, told reporters on Thursday.

“By 2022, production of electric-based vehicles should start,” said Harjanto, director general of metal, machinery, transportation and electronics at the Industry Ministry, adding that the government has targeted EVs to reach a 20% share of national car production by 2025.

ADVERTISEMENT

Speaking on the sidelines of Indonesia’s largest car show, Harjanto said the government is finalising the revision of a luxury car tax scheme to encourage the production of cars with lower carbon emissions.

The government is also offering tax holidays for companies producing EV batteries in Indonesia.


“Recently there were a few battery companies which met the (industry) minister, but it is still an initial intention,” Harjanto said, declining to name the companies.

“They see Indonesia has big potential to develop electric-based products due to the availability of raw material,” he said.

Several companies are currently developing smelters with high pressure acid leach (HPAL) technology to produce battery chemicals in Indonesia, including China’s Tsingshan Group.

Reporting by Bernadette Christina; Writing by Fransiska Nangoy; Editing by Kirsten Donovan

Our Standards:The Thomson Reuters Trust Principles.
https://www.reuters.com/article/us-...tric-vehicle-production-in-2022-idUSKCN1UD1OG

These EVs better be making some kind of noise. Imagine someone driving an EV with slengean attitude, and another who didn't see it coming...

 

[Nike]

These EVs better be making some kind of noise. Imagine someone driving an EV with slengean attitude, and another who didn't see it coming...

Well someone should taking those issue Seriously

 

[055_destroyer]

Is indonesia ready for EV? It needs huge government investment and support (infrastructure) to popularise the implementation of this product. Forget about export , cos Japan, China and US and EU already battle very hard for local manufacturer to accept EV. Indonesia needs local market for EV to strive.

 

[Nike]

Is indonesia ready for EV? It needs huge government investment and support (infrastructure) to popularise the implementation of this product. Forget about export , cos Japan, China and US and EU already battle very hard for local manufacturer to accept EV. Indonesia needs local market for EV to strive.

Thats why they made a lot of Preparation to prepared everything including the infra and law and the production dates is targeted to start at 2022, well quite realistic IMHO.

 

[CHN Bamboo]

Meanwhile USA is still supporting coal power plants.

 

[CountStrike]

Toyota to invest $2 billion in developing electric vehicles in Indonesia

Fanny Potkin
3 MIN READ

JAKARTA (Reuters) - Toyota Motor Corp plans to invest $2 billion to develop electric vehicles (EVs) in Indonesia over the next four years, starting with hybrid vehicles, Indonesia’s coordinating ministry for maritime affairs said.


FILE PHOTO: A Toyota's electric vehicle (EV) concept RHOMBUS is displayed during the media day for Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song/File Photo
“From 2019 to 2023, we will progressively increase our investment to 28.3 trillion rupiah ($2 billion),” Toyota president Akio Toyoda was quoted as saying in a statement released by the ministry on Thursday.

The Japanese carmaker said this month that it aimed for half its global sales to be from electric vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electric cars.

The deal was agreed at a meeting in Osaka on Thursday between Indonesia’s Coordinating Minister for Maritime Affairs Luhut Pandjaitan and Toyoda.

“Because the Indonesian government already has an electric vehicle development map, Toyota considers Indonesia a prime EV investment destination,” Toyoda said in the statement.

He said Toyota would follow the government’s EV plan by investing in stages, starting with the development of hybrid vehicles.

Monet, the self-driving car joint venture of Toyota and SoftBank Corp, separately told Reuters in June it plans to begin operating in Southeast Asia next year.

ADVERTISEMENT


BATTERY HUB
Indonesia, the region’s largest economy, has plentiful reserves of nickel laterite ore, a vital ingredient in the lithium-ion batteries used to power EVs, and has been making a push to attract foreign carmakers.

Officials are betting Indonesia, which is already Southeast Asia’s second-largest car production hub, can become a major regional player in lithium battery production and feed the fast-rising demand for EVs.

The country announced earlier in 2019 plans to introduce a fiscal scheme that will offer tax cuts to EV battery producers and automakers, as well as preferential tariff agreements with other countries that have a high EV demand.

Indonesian ministers told Reuters in December that Korean carmaker Hyundai Motor Co plans to start producing EVs in Indonesia as part of an around $880 million auto investment in the country.

Japan’s Mitsubishi meanwhile announced in mid-2018 it would work with the Indonesian government to research infrastructure that could accommodate EVs.

Analysts are cautious however on how quickly Indonesia’s EV ambitions can be carried out, as some of its lithium battery projects require complicated nickel smelter technology.

ADVERTISEMENT


The ministry’s statement on Thursday gave no details on how Toyota, which already makes batteries for hybrids and hybrid plug-ins, would implement its investment plans.

Toyota was not immediately reachable for comment, but said in June it would partner with China’s Contemporary Amperex Technology Co Ltd (CATL) and EV maker BYD Co Ltd for battery procurement.

 

[Nike]

Tesla to also build lithium battery factory in Morowali
23rd Jul 2019 22:03

Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan. (ANTARA / Ade Irma Junida)

Jakarta (ANTARA) - Tesla, electric car manufacturer from the United States, is partaking in the construction of a lithium battery raw material factory in Indonesia's Morowali Industrial Park (IMIP) area, Central Sulawesi.

"CATL (Contemporary Amperex Technology) is the one that entered Morowali, then it and LG were the major players. Tesla also joined it, but how much, I did not know," Maritime Affairs Coordinating Minister Luhut Binsar Pandjaitan stated at the Presidential Palace, Jakarta, Tuesday.

Earlier, Pandjaitan noted that his working visit to China in early July 2019 resulted in a commitment to invest US$4 billion, or around Rp55.7 trillion, for a lithium battery factory in Morowali.

"I do not know about Tesla's role, as their consortium is the one regulating it," Pandjaitan noted.

The minister stated that the first cornerstone of the lithium battery factory was laid in Morowali, with incoming foreign investment worth $1 billion, or around Rp13.9 trillion.

"Surely, it will be crowded since the CATL technology is currently the most advanced, as they have, what is the term, level 8, while others, just want to enter. They have arrived owing to their research," Pandjaitan added.

Pandjaitan noted that negotiations are ongoing for building similar factories in the Karawang and Bekasi areas, West Java.

"However, we are yet under negotiations that the lithium battery industry will not be built in the Karawang area, Bekasi, Purwakarta. This is since we will build a Hyundai car making unit in the Karawang area, Bekasi, Purwakarta, to make it faster. Practical thought, but, we will try if they want it," Pandjaitan said.

The factory to be built in Morowali is targeted for completion in three years.

"Maybe (if it is completed) in the next three years. My batteries in the next three years would have become better, maybe faster. I think it must be the biggest because we are all, and our costs are cheaper because of the costs," the minister added.

Pandjaitan also called to put an end to the negative sentiment circulating in Morowali, as the consortium of investors that developed lithium battery factories in Morowali comprised LG, CATL, Volkswagen, Tesla, and Mercedes

"Hence, do not think that Morowali is now China-China. There is no Chinese business now, the business is a consortium. In my mind, I will encourage them like Grab. Grab, I said you should move to Indonesia," the minister affirmed.

Speaking in connection with the issuance of the Presidential Regulation (Perpres) for Electric Vehicles, Pandjaitan claimed that it would soon be signed by President Joko Widodo.

"It was completed. The president may sign the perpres (presidential decree) in the next few days. From our side all has been completed and so is the case with Mrs. Sri Mulyani (the finance minister). Yesterday, I called her (Sri Mulyani) and she confirmed to have signed it for Mr Luhut. The President's office has completed it," Pandjaitan explained.

The perpres stipulates that electric car industry players can avail several incentives, such as the elimination or reduction of part of the Income Income Tax (PPh), or the so-called tax holiday and Taxable Income (PKP) reduction facilities. In fact, the government can also exempt import duties related to the needs of the automotive industry. Related news: Taiwanese lithium battery producer operating in Indonesia

EDITED BY INE

Editor: Suharto

COPYRIGHT © ANTARA 2019

https://m.antaranews.com/en/news/129578/tesla-to-also-build-lithium-battery-factory-in-morowali

 

[Nike]

President Jokowi, leaders of Hyundai Motors discuss investment
20 minutes ago

President Joko Widodo welcomes Hyundai Motors delegates at the State Palace in Jakarta on Thursday.

Jakarta (ANTARA) - President Joko Widodo (Jokowi) held discussions with leaders from the Hyundai Motor Group centering on efforts to boost investment in Indonesia.

"We spoke about the investment plan from Hyundai Motors in Indonesia," Minister of Industry Airlangga Hartarto remarked after accompanying President Jokowi to welcome Hyundai Motors delegates at the State Place in Jakarta on Thursday.

Minister Airlangga revealed that Hyundai had elaborated on the potential of automotive technology development in future, including the development of electric, automatic, and drifting vehicles.

The minister expounded that Hyundai Motors is conducting a study and survey of suitable industrial estates for investment development.

Hyundai Motors expressed interest to invest in industrial areas in Bekasi, Karawang, Purwakarta (Bekapur), and Subang.

Hyundai Motors plans to produce vehicles in Indonesia and has set an export target of 40 percent abroad and in the domestic market.

The minister confirmed that the investment value is yet under discussion.

"Yes, of course. Mr. President responds to the plan positively, as the automotive industry becomes one of Indonesia's main exports in future," the minister emphasized.

Hyundai Motors Group delegates, who met with President Jokowi, comprised Executive Vice Chairman Chung Euisun, President Kong Young Woon, Executive Vice President Park Hong-Jae, and Senior Vice President Lee Youngtack.

In the meantime, Cabinet Secretary Pramono Anung, Minister of Industry Airlangga Hartarto, and Head of the Investment Coordinating Board (BKPM) Thomas Lembong accompanied President Jokowi during the meeting.

Hartarto earlier stated that Hyundai had targeted to commence production in 2021, with a production capacity of 70 thousand to 250 thousand units per year.

In addition, the automotive industry from South Korea is expected to be able to absorb a workforce of 3,500 people.Related news: New SUV of Hyundai to soon be unveiled in Indonesia

Related news: Hyundai hopes to grab larger share of the market

EDITED BY INE

Editor: Fardah Assegaf

COPYRIGHT © ANTARA 2019
https://m.antaranews.com/en/news/12...-leaders-of-hyundai-motors-discuss-investment

 

[katarabhumi]

Hyundai Is A Step Closer To Producing EVs In Indonesia
Wednesday, 31/07/2019
By: Mark Kane

Hyundai reportedly is ready to go electric in Indonesia with a new EV factory in Karawang, west of Java.

Indonesia recently more often appears on the automotive news front as it seems that the electric vehicle business will finally materialize in the country.

Media reports that Hyundai will launch EV production in Indonesia with government support. There is no official statement yet, but we know that the South Korean manufacturer was interested in the project since at least 2018.

"Many local media outlets in Indonesia are reporting that Hyundai Motor will establish an electric vehicle (EV) factory in Indonesia."​

Hyundai representatives recently met with Indonesia's President. The deal is expected to be signed in November.

"Hyundai Motor Group’s Executive Vice Chairman (EVC) Euisun Chung met with President Joko Widodo of the Republic of Indonesia to discuss opportunities for cooperation. President Widodo mentioned offering full support when it enters the Indonesian market."​

The new EV factory could be built in Karawang, west of Java as part of a $1 billion investment.

Separately, media reports that Hyundai is switching its Chongqing Plant 5 in China from ICE to EV production as the conventional car sales decline. Together with plans to produce EVs in the Czech Republic in Europe, it looks like a bold diversification move.

https://insideevs.com/news/362333/hyundai-produce-evs-indonesia/

.

 

[CountStrike]

Hyundai to produce electric cars in West Java by 2022

Arya Dipa The Jakarta Post Bandung / Tue, November 17, 2020 / 06:23 pm

As the world’s largest producer of nickel, Indonesia is eyeing a more strategic position in the global supply chain for the development of lithium batteries and, eventually, electric cars. Carmaker Hyundai Motor Asia-Pacific is planning to start manufacturing electric cars in West Java by 2022, as Indonesia plans to produce batteries for electric vehicles (EVs), the company’s vice president announced on Monday.

The company’s vice president and chief operations officer, Lee Kang Hyun, said the EVs would be produced in Hyundai's first manufacturing center in Southeast Asia in Delta Mas, Cikarang, West Java. “With the support of ministries and the local government, the factory’s construction is 65 percent done despite the COVID-19 pandemic,” he said during a press conference at the 2020 West Java Investment Summit in Bandung on Monday. Lee said the factory would start producing cars by the end of next year, with a projected capacity of 150,000 cars by the second half of 2021.

The full annual target is 250,000 vehicles. The 77.6-hectare factory requires an investment of at least US$1.55 billion, including operational costs and product development, he added. As the world’s largest producer of nickel, Indonesia is eyeing a more strategic position in the global supply chain for the development of lithium batteries and, eventually, electric cars. Under President Joko “Jokowi” Widodo’s administration, the local automotive industry is expected to begin domestic EV production by 2021 or 2022, with a target of exporting 200,000 electric cars by 2025.

State-Owned Enterprises Minister Erick Thohir stated in October that Indonesia had potential in mineral and coal downstreaming as the country had an abundance of nickel reserves, the main ingredient in EV batteries. The government was reportedly discussing an investment between $12 billion and $20 billion with China’s largest EV battery maker, CATL, and South Korea’s LG Chem to build an end-to-end supply chain for EV batteries. Investment Coordinating Board (BKPM) chief Bahlil Lahadalia said in a virtual webinar on Monday that CATL had inked an agreement to invest $5.1 billion in the country. Read also: Indonesia to develop circular economy for EVs, boost battery industry Lee acknowledged the government’s invitations to CATL and LG Chem, which he thought would help Indonesia to reach its goal of having a fully formed electric vehicle industry. “Prior to this partnership, Indonesia inevitably had to import EV batteries, but with the investment in the near future, soon we can have locally made batteries,” Lee said, adding that Hyundai pledged to have its electric cars use locally made batteries. He added that the local content for Hyundai cars produced at the factory would exceed 40 percent so that products could be exported to countries like Thailand. Meanwhile, West Java Governor Ridwan Kamil reportedly ordered for the Hyundai vehicles to be used by government personnel for official use. During the summit, the governor also launched the Rebana Special Economic Zone (SEZ) development project. The area will stretch over 43,900 hectares, he said, and cover seven locations, including Cirebon and Cirebon regency, Majalengka, Indramayu, Kuningan and Sumedang.

The area will also cover Kertajati International Airport in Majalengka and the Japan-backed Patimban seaport in Subang. "Metropolitan Rebana is designed to be very futuristic and well-organized as a sustainable metropolitan area in Indonesia," Ridwan said. The SEZ was expected to absorb 5 million workers by the end of 2030 and boost the West Java economy by 4 percent, he added. Read also: Indonesia needs 31,000 charging stations to reach electric vehicle goals The West Java economy shrank 4.08 percent year-on-year (yoy) in the third quarter this year, as the country’s gross domestic product also fell by 3.49 percent yoy in the same period, Statistics Indonesia (BPS) data show. "The SEZ we will contribute to national growth in 10 years. So this project must be successful because without it, West Java will develop very slowly," Ridwan said. West Java Investment and One-Stop Integrated Service Agency head Noneng Komara said that the agency planned to offer Rp 32.1 trillion worth of investment during the West Java Investment Summit, held from Nov. 16 to Nov. 19. She said that most of the investment, at Rp 28.5 trillion, was expected to go to the Rebana SEZ project. According to Noneng, the agency is also preparing 27 other investment projects, from the Rp 10 trillion investment for the Subang Integrated Industrial Zone to the Rp 9 trillion Subang Smartpolitan project and Rp 1.25 trillion Kertajati Industrial Estate in Majalengka. (eyc)

This article was published in thejakartapost.com with the title "Hyundai to produce electric cars in West Java by 2022 - Business - The Jakarta Post". Click to read: https://www.thejakartapost.com/news...Social&utm_source=Facebook#Echobox=1605623232.


Download The Jakarta Post app for easier and faster news access:
Android: http://bit.ly/tjp-android
iOS: http://bit.ly/tjp-ios