The CEO of Danantara Indonesia and Minister of Investment and Downstreaming recently revealed that there are currently about 10 local Indonesian companies capable of producing domestic electric motorcycles (Molinas), and these companies have passed the certification requirements of the Ministry of Industry regarding the Domestic Component Level (TKDN). He disclosed this at the launch event for domestic electric motorcycles and the supporting ecosystem held in Bekasi.
He explained that the current Indonesian market has about 140 million motorcycles, with annual new purchases reaching 6 to 7 million units, but the annual sales of electric motorcycles are only about 60,000 to 70,000 units, accounting for only 1%. He believes that this percentage indicates the electric motorcycle market has exponential growth potential in the future, with an estimated market size of up to 170 billion US dollars.
He also pointed out that Indonesia has sufficient conditions in terms of raw materials and "formula" to develop electric motorcycles, including the technology to fully adopt nickel-based batteries and manufacturers that meet standards. He stated that Indonesia will fully promote the use of nickel-based batteries in domestic electric motorcycles, because 46% of the world's nickel reserves are located in Indonesia.
He emphasized that Molinas is the result of collaborative efforts between the government, state-owned enterprises, and local entrepreneurs, aimed at enhancing Indonesia's self-development capabilities. Additionally, he revealed at the meeting that the owner of the Lippo Group has committed to purchasing 20,000 electric motorcycles. He stated that as the owner of the land where the Molinas project is located in Bekasi, he had previously expressed a purchase commitment, and his remarks also drew applause from the audience.
