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Home > News > Regional News

Cooperation with S.Korea boosts Indonesia’s EV development

Source:Adsale Plastics Network Date :2023-11-24 Editor :VC
Copyright: This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

The Indonesian and South Korean governments signed a memorandum of understanding (MoU) for cooperation on the development of electric vehicle (EV) ecosystem in Indonesia.

 

The cooperation plan in the MoU covers all means of transportation powered by electricity, such as battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).

 

The two countries agreed to cooperate in building infrastructure, exchanging manpower, and improving policy for the expansion of electric mobility.

 

The signing of the MoU is in line with discussions between Indonesian President Joko Widodo and South Korean President Yoon Suk Yeol to encourage the development of the EV industry by accelerating Korean companies' investment in Indonesia, reports ANTARA, an Indonesian News Agency.

 

The automotive sector becomes a target for the strengthening of cooperation between the two countries. Especially in the EV battery segment, South Korea's technological advantages are deemed suitable to be combined with the potential of Indonesia which is home to the world's largest nickel reserves, says the report.


EV Battery_LG_480.jpg

Indonesia affirmed its commitment to a US$9.8 billion EV battery manufacturing project. (Source: LG Energy Solution)

 

At the same time, according to Jakarta Global, the Indonesian government has worked with a consortium led by LG Energy Solution to fast-track the establishment of an EV battery manufacturing plant and associated facilities.

 

It is reported that the US$9.8 billion project also involves the Indonesia Battery Corporation (IBC), a consortium comprising four state-owned enterprises.


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Lithium-ion battery
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Automotive
 Tangshan Zhonghao Chemical Co., Ltd      
  LIAONING NIPPON NANO TECHNOLOGY CO.,LTD      
 Oechsler Plastic Products (Taicang) Co.,Ltd      
 SUZHOU CRG ROBOTICS TECHNOLOGY CO.,LTD.      
 Rongsheng Petrochemical Co., Ltd.      
 Shenzhen Zhenxiong Molds Accessories Co.,Ltd.      
 Zhejiang Pfluon Technology Co., Ltd.      
 Advanced New Materials (Qingdao) Co., Ltd      
 Guangdong Yulong Technology Co., Ltd      
 Sinochem Internation Corporation      

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