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Indonesia aims to start producing electric vehicles in 2022, a senior official at Indonesia's Ministry of Industry said recently, after some companies disclosed plans
to invest in the country.
Indonesia is promoting the development of electric vehicle and battery production facilities, creating downstream industries for the country's abundant supply of nickel laterite ore, which is used in lithium battery production
.
Companies such as Toyota Motor Corp and Hyundai have expressed interest in building electric vehicle plants in Indonesia, Southeast Asia's second-largest auto production hub
.
Indian Industry Minister Airlangga Hartarto revealed last Thursday that Toyota has pledged to invest $2 billion in Indonesia over the next five years, part of which will be used to produce electric vehicles
.
"By 2022, the production of electric vehicles should begin," said Harjanto, director of the Ministry of Industry's metals, machinery, transport and electronics division, adding that the government has set a target for electric vehicles to achieve 20 percent
of national vehicle production by 2025.
Indonesia aims to start producing electric vehicles in 2022, a senior official at Indonesia's Ministry of Industry said recently, after some companies disclosed plans
to invest in the country.
Indonesia is promoting the development of electric vehicle and battery production facilities, creating downstream industries for the country's abundant supply of nickel laterite ore, which is used in lithium battery production
.
Companies such as Toyota Motor Corp and Hyundai have expressed interest in building electric vehicle plants in Indonesia, Southeast Asia's second-largest auto production hub
.
Indian Industry Minister Airlangga Hartarto revealed last Thursday that Toyota has pledged to invest $2 billion in Indonesia over the next five years, part of which will be used to produce electric vehicles
.
"By 2022, the production of electric vehicles should begin," said Harjanto, director of the Ministry of Industry's metals, machinery, transport and electronics division, adding that the government has set a target for electric vehicles to achieve 20 percent
of national vehicle production by 2025.
