Indonesia will cooperate with LG and CATL to focus on the two-wheel electric vehicle market

Indonesia's state-owned electric vehicle company, IBC, is focusing on the more than 115 million motorcycles on the country's roads, while working to reduce emissions
.

Toto Nugroho, president of Indonesian Battery Corp.
, said in an interview on Saturday that the company plans to produce 50,000 battery packs
for two-wheelers next year.
The prototype has already received safety certification
.
"It's a very good market, and reducing emissions and reducing fuel imports is good for our environment, so we're going to work
on that first," he said.

IBC was established in 2021 to fulfill President Joko Widodo's ambition to build an end-to-end EV supply chain – from nickel ore to domestic EVs
.
The government is under increasing pressure to cut oil imports after soaring global crude prices forced the government to raise gasoline prices, a move that sparked protests and weakened support for Jokowi
.

Only 21,000 motorcycles in Indonesia are electric, meaning many motorcyclists have to contend
with higher fuel costs.

The government aims to increase the use of electric vehicles in the country to 2 million by 2025, and plans to provide incentives to encourage consumers to switch from fuel-guzzling motorcycles to electric vehicles
.

Nugroho said that over the next five years, IBC will work with partners LG Energy Solutions and CATL to produce battery materials and batteries while recycling used batteries
.
The plant will use renewable energy and meet global standards, so it can export products
to the U.
S.
and European markets.

Antam, one of IBC's parent companies, will form a joint venture to mine battery materials
on the eastern island of Halmahera.
IBC is looking at how to produce batteries
using only local natural resources.

"We want to make sure that the batteries we produce here don't rely on imported minerals
like lithium, graphite and cobalt," Nugroho said.
We wanted a battery
that didn't use these minerals.
”