Indonesia has mobilized three of its biggest state-owned enterprises (SOEs) and opened talks with two foreign multinationals to bring Southeast Asia’s largest economy into the world’s highly lucrative electric vehicle (EV) battery market.

Indonesia Asahan Aluminium, the state-owned mining holding company, has unveiled a $12 billion plan to create an integrated electric vehicle battery industry called Indonesia Baterai to spearhead its effort to become a global player in the green energy technology.

Contemporary Amperex Technology (CATL) and LG Chem, two of the world’s top producers of batteries for electric vehicles (EV), have signalled they may join projects that could see US$20 billion (S$27.2 billion) more invested in supply chains in Indonesia, according to the country’s government.

Indonesian state-owned mining company Mining Industry Indonesia (MIND ID) plans to partner with domestic utility and energy companies on a US$12 billion EV battery project that would leverage the Southeast Asian country’s nickel production.

Indonesia’s government is in early discussions with electric vehicles maker Tesla Inc TSLA.O about a potential investment in the Southeast Asia country, a major producer of nickel, an official said.

The Ministry of Higher Education, Science, Research and Innovation by National Science and Technology Development Agency, Khon Kaen University, King Mongkut’s University of Technology Thonburi, King Mongkut’s University of Technology North Bangkok in collaboration with Electric Vehicle Association of Thailand, signed a memorandum of understanding for Partnership Agreement among the founding institutes of Thailand Energy […]

The Asian Development Bank has approved a $127.8 million loan to support the construction of transmission lines and substations to help provide Phnom Penh and three other Cambodian provinces with stable and reliable electricity supply.

SINGAPORE, Sept. 4, 2020 /PRNewswire/ — Japan-based smart energy solutions provider, 3DOM, has announced its entry into the Singapore market, where it has established its Southeast Asia (SEA) regional office, overseeing the fundraising and business development activities of the organisation outside of Japan, with a sharp focus on reliable battery energy storage systems (BESS).

PV magazine: Please describe the state of renewable energy developments in Southeast Asia. Mitesh Patel: The investment appetite for renewable energy developments in Southeast Asia is growing. Governments and private investors anticipate a new phase of solar power development, driven by a convergence of low-interest rates and available liquidity as the region emerges from Covid-19, […]

The sizeable initial investment required to establish a lithium battery manufacturing facility is one of the primary challenges in developing the country’s battery industry, an expert has stated. Sebelas Maret State University (UNS) School of Engineering professor Muhammad Nizam on Aug. 21 said that while Indonesia had an abundance of nickel, the primary material for […]