JAKARTA (Xinhua): Indonesia and Britain are planning to build an electric vehicle battery supply chain in the future, Coordinating Minister of Maritime Affairs and Investment Luhut Binsar Pandjaitan said on Wednesday (November 24th).
As part of the joint investment, the two countries plan to set up production facilities in both Indonesia and Britain, Pandjaitan said at a national coordination meeting and handover ceremony. price of investment services in Jakarta.
“Yesterday the President (Joko Widodo) spoke with Prime Minister (Prime Minister) Boris Johnson, and I was there to encourage cooperation. We are investing in Britain and they are investing in Indonesia. That way, we can enter the global supply chain earlier, ”he said. , without saying the value of the investment and the time to complete the plan.
The joint investment cooperation is expected to be able to meet the demand for cathodes and battery cells for electric vehicles in Britain and Europe, he said, adding that demand is expected to continue to increase until ‘in 2030.
According to him, the materials for electric vehicle batteries and battery precursors will be produced in Indonesia by an Indonesian-British joint investment company.
Indonesian President Joko Widodo had previously met a number of CEOs of large companies on the sidelines of the 26th session of the Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change in Britain, during which an investment commitment of US $ 9.29 billion has been earmarked for green investments.
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