Search Results Found For: "Indonesia"

China’s CBL to invest $420 million in Indonesian nickel mining and EV battery manufacturing

Chinese EV battery company Ningbo Contemporary Brunp Lygend (CBL) has agreed to invest $420 million in Indonesia’s nickel mining and EV battery manufacturing industries. Coordinating Maritime and Investment Affairs Minister Luhut Binsar Panjaitan said that CBL has partnered with state-owned diversified miner PT Aneka Tambang (Antam) and battery maker PT Industri Baterai Indonesia (IBC). CBL… Read more »

Britishvolt forms JV to source nickel sulphate from Indonesia

Battery pioneer Britishvolt will partner with VKTR, a new division of Indonesian industrial conglomerate Bakrie & Brothers, to develop a supply of nickel sulphate from Indonesia. A new joint venture called Indovolt BV VKTR will establish a nickel sulphate facility in Indonesia to supply battery raw materials to Britishvolt’s Gigaplant in Northumberland, England. The companies… Read more »

New Hyundai plant to produce EVs in Indonesia

Hyundai has launched a new automotive plant that will produce Indonesia’s first locally assembled EV. In 2019, Hyundai said it would invest $1.55 billion in the plant by 2030. Initial capacity is 150,000 vehicles per year, and this will later be expanded to 250,000. The new assembly plant will be linked with a Hyundai-LG joint… Read more »

Shell stations in Indonesia use ABB Terra 54 chargers

Oil giant Shell is installing EV chargers at its gas stations around the world. Three Shell stations in the Indonesian cities of Pluit, Antasari and Jagorawi will soon offer public charging using ABB’s Terra 54 DC fast chargers. Customers can charge free for 30 minutes if they buy a pastry and a cup of coffee…. Read more »

Hyundai and LG to build battery plant in Indonesia

Hyundai Motor Group and LG Energy Solution have announced a Memorandum of Understanding with the Government of Indonesia to manufacture battery cells for EVs.  Hyundai and LG will invest a total of $1.1 billion to build a jointly-owned battery cell plant in Karawang, Indonesia. Plant construction is scheduled to begin in the fourth quarter of… Read more »

Report: Indonesia to overtake China as top nickel producer this year

Materials supply chain intelligence company Roskill expects Indonesia to become the world’s largest producer of refined nickel this year, pushing China to second place. As recently as 2014, Indonesia produced only 24 kilotons of refined nickel. In 2020, Indonesia produced 636 kt of refined nickel, most of which was nickel pig iron (NPI) for the… Read more »

Indonesia to form EV battery joint venture

A group of state-owned companies in Indonesia will form a joint venture to produce Li-ion batteries. Partners in the new Indonesia Battery Holding joint venture include two mining firms: Mining Industry Indonesia (MIND) and PT Aneka Tambang; as well as state power utility Perusahan Listrik Negara (PLN), and state oil company Pertamina. Indonesia Battery Holding… Read more »

VinFast founder launches EV charging operator V-Green

Vietnamese automaker VinFast has been on a roll lately—the company plans to expand to 50 countries in 2024, and is working on EV manufacturing plants in the US, India and Indonesia. Some boosters are calling the upstart “the next Hyundai.” Now VinFast founder Pham Nhat Vuong has announced the establishment of V-Green, a new company… Read more »

Two- and three-wheel EVs delivering more emissions reduction than cars

We humans are, at least in theory, proceeding with a broad range of measures to slow climate change —deploying renewable energy sources, protecting forests, cleaning up industrial emissions, etc. According to a recent study by the World Resources Institute, only a single one of these projects is currently on track to meet the goals set… Read more »

LG Chem to build LFP cathode plant in Morocco

South Korea-based chemical company LG Chem and China’s Huayou Group have partnered to build a lithium-iron-phosphate (LFP) cathode materials plant. LG Chem is working to vertically integrate its cathode supply chain. The LG Chem-Huayou Group partnership will develop four plants: an LFP cathode material facility; a lithium conversion plant, also in Morocco; a high-pressure acid… Read more »