Indonesia’s first electric car will boost its upstream industry

2022-06-21 0 By

China News Service Jakarta, March 16 (reporter Lin Yongchuan)The first electric car to be assembled and produced in Indonesia rolled off the production line at Hyundai Motor Indonesia’s factory in Bekasi, West Java province on Tuesday.President Joko Widodo, attending the roll-out ceremony, called the launch of electric cars as part of the country’s energy transition effort “the moment I’ve been waiting for.”In the future, he says, electric cars must be the main means of transportation in Indonesia.Indonesia has rich mineral resources to support the development of the electric vehicle industry, Joko said.He stressed that Indonesia must become an important player in the electric vehicle industry’s global supply chain.”We have nickel ore, we have cobalt ore, which is an important material for lithium batteries;Our bauxite can be processed into aluminum for electric vehicle frames;And copper, which is needed for batteries and cable systems for electric cars.Joko said that to become a key player in the electric vehicle industry’s supply chain, it is necessary to further downstream process mineral raw materials to add value to products.The government has banned exports of raw materials, including nickel, cobalt and aluminium, in an effort to expand the mineral resources industry.Mr Joko said the government would continue to encourage more localised production of electric vehicle components, with more incentives and reduced regulatory barriers to allow the upstream industry to grow.Accompanied by Indonesia’s Minister of Marine and Investment Luhute, the minister of investment, the minister of industry, the minister of energy and mineral Resources, the Minister of Transportation, the governor of West Java province and other officials attended the ceremony.(after)