3rd August 2019
EP Desk

 

Indonesia is aiming to start producing electric vehicles (EVs) in 2022, a senior official at the Industry Ministry said recently, after a number of companies disclosed plans to invest in the country.

 

Indonesia is pushing for the development of EV and battery production facilities to create a downstream industry for the country’s rich supplies of nickel laterite ore, which is used in lithium batteries.

 

Companies such as Toyota Motor Corp and Hyundai have expressed interest in building EV plants in Indonesia, Southeast Asia’s second-largest car production hub.

 

Toyota has committed to invest $2 billion in Indonesia over the next five years, part of which will be used to produce EVs, Industry Minister Airlangga Hartarto, told reporters.   


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