Indonesia Showcases Its Leading Position in the EV Battery Industry at the Battery Conference in Perth

Thepresidentpost.id - Perth, Australia - Indonesia participated in Paydirt’s Battery Mineral Conference (BMC) in Pan Pacific Perth, 21-22 March 2023.

As the only government exhibitor in the Conference, the Ministry of Investment/Indonesia Investment Coordinating Board and Indonesia Battery Corporation (IBC) proudly showcased Indonesia’s strong position in integrated battery and electric vehicle industry, along with key policies to support the development of electric vehicle ecosystem. 

Ambassador Siswo Pramono who was invited to speak at the Indonesia Investment Seminar (22/3) highlighted Indonesia’s “demographic bonus”, growing middle-class, and Indonesia’s target to produce 15 millions electric motorcycles and 2 millions electric cars in 2035 as a golden opportunity for Australia to take advantage of.

Particularly for Western Australia as the world’s largest producer of spodumene lithium-bearing concentrate and a globally significant nickel and cobalt supplier. 

Chandra, Senior Vice President Project Management of IBC added in his presentation that by 2035, annual EV battery demand in Indonesia will grow up to 60 GWh. “Indonesia will not stop at producing EV at home. We’re also looking to be part of global battery supply chain.”

The message was clear: Indonesia is open to global capital and keen to have strategic partnership with Australia in supply chain and/or development of production facilities of battery materials. 

Director of Investment promotion for Southeast Asia, Australia, New Zealand and Pacific, Saribua Siahaan invited Australian battery industry to visit Morowali Industrial Area, which will become the center for EV battery production in Indonesia. He also listed some government’s competitive incentives for investments, such as tax holiday, tax allowance, import duty exemption, super tax deduction, and also end-to-end service provided by the Ministry of Investment.

Serving as a melting pot for the battery minerals sector, this event connected more than 70 critical/battery mineral miners, developers, investors and international governments; featuring in-depth discussions on market outlooks, project developments and the future of global battery industry and technology.

During the two-day conference, Indonesian delegation had one-on-one meetings with several mining firms, and a visit to Tianqi Lithium Hydroxide Facility in Kwinana.