PT Industri Battery Indonesia, or Industry Battery Corporation (IBC), a state-owned investment holding company operating in the renewable energy materials sector, is cooperating with CBL International Development Pte Ltd, a business unit of CATL, the world's largest electric vehicle (EV) battery company. The cooperation is carried out through the establishment of a joint venture (JV) to produce batteries. In this cooperation, IBC is a joint venture of PT ANTAM Tbk, PT Indonesia Asahan Aluminium, PT Pertamina (Persero), and PT PLN (Persero), involved in the downstream value chain, including battery material manufacturing, battery manufacturing, and battery recycling. The Deputy Minister of State-Owned Enterprises stated that considering the opportunities this industry has for a bright future, executing strategic projects requires fast, agile, and adaptive steps. They must observe the technological changes emerging in the EV sector to become more competitive, hoping that by 2027 the results of the joint venture signed today—finished battery products—will be visible. Given Indonesia's potential nickel reserves, he expects this to strengthen Indonesia's position in the global EV battery supply chain. Additionally, the project is expected to have significant economic impacts on Indonesia, such as job creation, attracting foreign investment, and increasing the capacity of Indonesia's renewable energy industry.
This project also aligns with Indonesia's commitment to achieving net-zero emissions by 2060. The President Director of IBC stated that this cooperation is a strategic effort by IBC to encourage nickel downstream projects and the development of an integrated battery industry, as well as to develop the EV battery supply chain from upstream to downstream. This initiative aims to strengthen Indonesia's position as a major player in the global battery market. Their JV 5 battery manufacturing project has now entered the initial phase, located in Karawang, West Java. IBC and CBL aim to develop the project in phases, with a total investment of USD 1.18 billion, achieving an annual total capacity of 15 GWh, sufficient to meet both domestic and global demand. Meanwhile, the General Manager of Manufacturing Operations for CATL's international business stated that the battery factory project is a key component of Indonesia's effort to build an EV and battery industry chain and ecosystem. CATL is willing to actively leverage its technological and manufacturing innovation advantages, and looks forward to supporting Indonesia's electrification development together with Indonesian partners.
PT Industri Battery Indonesia, or Industry Battery Corporation (IBC), a state-owned investment holding company operating in the renewable energy materials sector, is cooperating with CBL International Development Pte Ltd, a business unit of CATL, the world's largest electric vehicle (EV) battery company. The cooperation is carried out through the establishment of a joint venture (JV) to produce batteries. In this cooperation, IBC is a joint venture of PT ANTAM Tbk, PT Indonesia Asahan Aluminium, PT Pertamina (Persero), and PT PLN (Persero), involved in the downstream value chain, including battery material manufacturing, battery manufacturing, and battery recycling. The Deputy Minister of State-Owned Enterprises stated that considering the opportunities this industry has for a bright future, executing strategic projects requires fast, agile, and adaptive steps. They must observe the technological changes emerging in the EV sector to become more competitive, hoping that by 2027 the results of the joint venture signed today—finished battery products—will be visible. Given Indonesia's potential nickel reserves, he expects this to strengthen Indonesia's position in the global EV battery supply chain. Additionally, the project is expected to have significant economic impacts on Indonesia, such as job creation, attracting foreign investment, and increasing the capacity of Indonesia's renewable energy industry.
This project also aligns with Indonesia's commitment to achieving net-zero emissions by 2060. The President Director of IBC stated that this cooperation is a strategic effort by IBC to encourage nickel downstream projects and the development of an integrated battery industry, as well as to develop the EV battery supply chain from upstream to downstream. This initiative aims to strengthen Indonesia's position as a major player in the global battery market. Their JV 5 battery manufacturing project has now entered the initial phase, located in Karawang, West Java. IBC and CBL aim to develop the project in phases, with a total investment of USD 1.18 billion, achieving an annual total capacity of 15 GWh, sufficient to meet both domestic and global demand. Meanwhile, the General Manager of Manufacturing Operations for CATL's international business stated that the battery factory project is a key component of Indonesia's effort to build an EV and battery industry chain and ecosystem. CATL is willing to actively leverage its technological and manufacturing innovation advantages, and looks forward to supporting Indonesia's electrification development together with Indonesian partners.