Huayou Cobalt Deepens $5 Billion Investment in Indonesia's Nickel Industry
On October 18, 2024, the feeding ceremony for Huayou Cobalt's battery ternary precursor project factory was successfully held at the Weda Bay Industrial Park in Indonesia. Since 2018, Huayou Cobalt has accumulated nearly $5 billion in investments in Indonesia. So why does Huayou Cobalt choose to bet on Indonesia and deeply cultivate the new energy battery materials industry there? Let Manager Wang explain in detail: First, Huayou Cobalt was founded in 2002 by Zhejiang businessman Chen Xuehua, headquartered in Tongxiang, Zhejiang. It is a high-tech enterprise engaged in the R&D and manufacturing of new energy lithium battery materials and cobalt new materials, and ranks among China's top 500 enterprises.
CATL Invests $1.18 Billion in Indonesian Battery Factory
CNGR Group Plans $10.5 Billion Battery Industrial Park in Indonesia
Poor Enforcement of SNI Standards for Imported Products in Indonesia Highlights Issues
32 Chinese Ceramic Tile Companies Subject to Indonesian Anti-Dumping Duties
GEM Indonesia Legend: Building a Market Cap of 35 Billion by Recycling 'Waste'!
On August 28, 2024, a significant inauguration ceremony was held at Bandung Institute of Technology in Indonesia. GEM Group Chairman Xu Kaihua, along with representatives from various sectors in Indonesia, witnessed the birth of the China-Indonesia Joint Research Laboratory for New Energy Materials and Metallurgical Engineering Technology. On August 28, 2024, at Bandung Institute of Technology in Indonesia, the unveiling ceremony for the China-Indonesia Joint Research Laboratory for New Energy Materials and Metallurgical Engineering Technology was held. On August 28, 2024, at Bandung Institute of Technology in Indonesia, the China-Indonesia Joint Research Laboratory for New Energy Materials and Metallurgical Engineering
Great Wall Motor Officially Announces New Model Price in Indonesian Market
Great Wall Motor Indonesia has announced the official price of the GWM Tank 300 HEV, launched in July, priced at IDR 828,888,888 (OTR Jakarta). This launch marks an important step for Great Wall Motor in expanding into the Indonesian market. The official price of the Great Wall Motor Tank 300 HEV is more competitive than initial estimates, and when launched at GIIAS 2024, its official price will be below IDR 833,888,000, demonstrating Great Wall Motor's vision to lead the premium mass-market segment by building high-end vehicles to reach a broader consumer base.
Lopal Technology's Indonesia Lithium Iron Phosphate Factory Phase I Officially Put into Production
On October 8, 2024, Phase I of LBM, a lithium iron phosphate cathode material factory invested by Lopal Technology in Indonesia, was officially put into production in the Kendal Special Economic Zone in the Central Java industrial belt. Indonesia's Coordinating Minister for Maritime and Investment Affairs Luhut, and Lopal Technology and LBM President Shi Junfeng attended the production ceremony. LBM Indonesia Factory is a subsidiary established by Lopal Technology in Indonesia in February 2022 through Changzhou Lithium Source. The total investment in the factory is US$350 million, of which Phase I investment is US$100 million with an annual output of 30,000 tons of lithium iron phosphate. Future Phase II investment is US$250 million with an annual output of 90,000 tons. After Phase II is completed
GAC Aion Plans Local Production in Q1 Next Year
As part of the GAC Group, Aion has begun expanding its market to Indonesia. In the near future, the Chinese manufacturer is also preparing to build a production facility in the country. The CEO of Aion Indonesia stated that the company is committed to launching electric vehicles at prices that meet community expectations. According to him, Aion's electric vehicles will not be cheap, but they will adjust consumer expectations as much as possible in terms of price and models. All models will be produced locally, including the Aion Y Plus and Hyptec HT. Meanwhile, the initial launch phase does not yet include batteries, as only 40% of the TKDN is required. If batteries are included, it must exceed 40%, and this will depend on regulatory requirements in the future.
GAC Aion Opens Ten Dealer Outlets in Indonesia
Aion Indonesia recently opened 10 dealers simultaneously in Jabodetabek and Bandung, a result of cooperation with PT Indomobil Wahana Trada. These dealers opened after the arrival of 600 imported Y Plus units in early September. Aion Indonesia stated that this opening is part of the initial distribution plan for the Aion electric vehicle model Y Plus. Among the 10 dealers, 9 are located in Jabodetabek and 1 in Bandung. These dealers mostly offer 3S (Sales, Service, Spare parts) and 1S (Sales) services. Dealers with 3S status include Aion PIK, Aion Daan Mogot, Aion Warung Buncit, Aion Harapan Indah, Aion Sukamaju, Aion Cikarang, and Aion Soekarno Hatta. Meanwhile, the other three 1S dealers are Aion QBig, Aion Supermall Karawaci, and Aion Grand Metropolitan Mall.
Norde Shares Joins Hands with Indonesia IBC to Build Battery Industry Chain
On September 30, the world's largest lithium battery and electrolytic copper foil manufacturer Norde Shares signed a memorandum of understanding with Indonesia Battery Corporation (IBC). The scope of cooperation under this MoU includes market research for lithium-ion battery and PCB copper foil, and exploring investment plans to form a copper foil joint venture. The head of Indonesia Battery Corporation expressed strong support for this initiative, promoting Indonesia as a global production hub for the battery industry, capable of supplying battery products and components to the EU, the US, and Asia. Norde Chairman Chen Lizhi stated that leveraging Indonesia's abundant copper resources, Indonesia will become Norde's hub for market expansion in the ASEAN region
Deer Group Supports Indonesia's New Capital Development, Boosts Investment Confidence
On September 25, President Joko Widodo presided over the 8th groundbreaking ceremony in the new capital, attended by Zheng Nanyan, CEO of the renowned Chinese hotel group Deer Group. During the groundbreaking ceremony, Jokowi said that Deer Group operates 9 hotel brands and 1,600 properties in multiple countries worldwide. The Deer Group's new capital project will become an important force in promoting the development of Indonesia's new capital, boosting the confidence of other investors to enter the new capital. Deer Group officially entered the Indonesian market in July 2023, investing in the Indonesian hotel management platform IHI (Indies Hospitality I