Friday, July 11, 2025
INBV News
Submit Video
  • Login
  • Register
  • Home
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Technology
  • Travel
  • Weather
  • World News
  • Videos
  • More
    • Podcasts
    • Reels
    • Live Video Stream
No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Technology
  • Travel
  • Weather
  • World News
  • Videos
  • More
    • Podcasts
    • Reels
    • Live Video Stream
No Result
View All Result
INBV News
No Result
View All Result
Home Technology

Indonesia could possibly be the ‘gateway’ to EV investments in ASEAN

INBV News by INBV News
September 25, 2023
in Technology
386 12
0
Indonesia could possibly be the ‘gateway’ to EV investments in ASEAN
548
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Microsoft Outlook hit with hours-long outage

Elon Musk says AI chatbot Grok can be in Tesla cars soon

Korean automobile manufacturer Kia displays the electrical vehicle “EV6 GT-Line” in the course of the thirtieth Gaikindo Indonesia International Auto Show in Tangerang on August 10, 2023.

Yasuyoshi Chiba | Afp | Getty Images

Indonesia’s EV-friendly policies have lured global investors to the country, but experts say they may also boost investments in Southeast Asia’s automotive industry more broadly.

Indonesia could possibly be the “gateway” to the remainder of the Association of Southeast Asian Nations, said Anindya Novyan Bakrie, CEO and president director of Bakrie & Brothers, an Indonesian conglomerate whose electric vehicle unit VKTR manufactures electric buses in addition to EV parts.

The Southeast Asian country is wealthy in copper, nickel, cobalt and bauxite — materials essential for the manufacturing of electrical vehicle batteries. Indonesia is the largest nickel exporter, accounting for 22% of the world’s reserves, in accordance with a report by the ASEAN Briefing.

Indonesia has courted the likes of Tesla within the hopes of spinning its resource riches into becoming a key global supply chain hub for electric vehicles.

“Indonesia’s wealthy endowment in natural resources required for EVs underpins its attractiveness … and is definitely a pull factor for EV investments especially within the aftermath of a nickel ore ban and a government that’s increasingly calling for the beneficiation of its natural resource to unlock economic growth,” Koketso Tsoai, automobiles analyst at BMI Fitch Solutions told CNBC.

Indonesia has banned exports of certain metals and minerals in a bid to attract investors and manufacturers in need of those materials to its shores.

EV market: Indonesia is a 'good gateway' to ASEAN, says Bakrie & Brothers CEO

The country’s goal to turn into a worldwide EV battery hub has seen significant support in recent times. Asian automakers like Toyota and Hyundai have made billion dollar investments to expand EV production facilities in Indonesia.

A 2022 ASEAN investment report noted that EV battery production made up a major share of foreign direct investment within the region between 2019 and 2021, especially in Indonesia, Malaysia and Thailand.

Despite Indonesia’s efforts, the country still faces hurdles in boosting vehicle production.

“It’ll be tough for Indonesia to interchange Thailand as a regional vehicle production hub, because the latter has a long-established export-oriented automotive industry. Indonesia may even face challenges from lower-cost producers like Vietnam and the Philippines,” said Nishita Aggarwal, automotive analyst at EIU.

Still, the expansion of Indonesia’s EV sector could give a halo effect to its neighbors. By providing access to the important thing materials for EV batteries, the country “could attract rather more investment and … help ASEAN as a region adopt electric vehicles faster and more cheaply,” in accordance with a report by Maybank.

Investing in ASEAN

Although Indonesia’s natural endowments play a serious role in constructing ASEAN’s competitive EV ecosystem, Bakrie & Brothers suggest that investors are likely to have a look at the region as an entire.

The corporate’s CEO said that “producing the actual EVs in Indonesia, I feel it’s something that these firms will take a have a look at ASEAN as a region.” He believes that countries can “mix forces” to bring in several strengths and expertise to learn the EV ecosystem of the region. 

EVs: We want to be part of the global supply chain, says Indonesian Chamber of Commerce and Industry

Malaysia, for instance, offers an “much more area of interest product mixture of high-tech goods in an era of accelerating digitalization within the automotive industry,” BMI’s Tsoai said.

He noted that inside ASEAN, Indonesia will tackle an “outsized role within the upstream sector of the EV supply chain.” Nonetheless, Indonesia’s dominance on this area could complement the expertise of other Southeast Asian countries and boost the region’s EV ecosystem as an entire.

1

Do you trust technology Today?

Tags: ASEANgatewayindonesiainvestments
Share219Tweet137
INBV News

INBV News

Related Posts

edit post
Microsoft Outlook hit with hours-long outage

Microsoft Outlook hit with hours-long outage

by INBV News
July 11, 2025
0

Omar Marques | Lightrocket | Getty ImagesMicrosoft's Outlook email service malfunctioned for over 21 hours Wednesday and Thursday, prompting some...

edit post
Elon Musk says AI chatbot Grok can be in Tesla cars soon

Elon Musk says AI chatbot Grok can be in Tesla cars soon

by INBV News
July 10, 2025
0

Elon Musk revealed Thursday that his AI chatbot Grok – which has landed in hot water after spreading a barrage...

edit post
Amazon Web Services builds heat exchanger to chill Nvidia GPUs for AI

Amazon Web Services builds heat exchanger to chill Nvidia GPUs for AI

by INBV News
July 9, 2025
0

The letters AI, which stands for "artificial intelligence," stand on the Amazon Web Services booth on the Hannover Messe industrial...

edit post
Apple names Sabih Khan as next chief operating officer

Apple names Sabih Khan as next chief operating officer

by INBV News
July 9, 2025
0

Apple on Tuesday named insider Sabih Khan as its chief operating officer, taking up from Jeff Williams, as a part of...

edit post
Waymo offers teen accounts for driverless rides

Waymo offers teen accounts for driverless rides

by INBV News
July 8, 2025
0

Waymo announced it's now offering teen accounts for its self-driving automobile service Waymo One, starting in Phoenix, Arizona.Courtesy of WaymoWaymo...

Next Post
edit post
Remi Bader reveals horrible response to her weight gain

Remi Bader reveals horrible response to her weight gain

edit post
Latest York man fatally shoots woman who made improper turn in his driveway

Latest York man fatally shoots woman who made improper turn in his driveway

CATEGORIES

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Podcast
  • Politics
  • Sports
  • Technology
  • Travel
  • Videos
  • Weather
  • World News

CATEGORY

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Podcast
  • Politics
  • Sports
  • Technology
  • Travel
  • Videos
  • Weather
  • World News

SITE LINKS

  • About us
  • Contact us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA

[mailpoet_form id=”1″]

  • About us
  • Contact us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA

© 2022. All Right Reserved By Inbvnews.com

No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Politics
  • Sports
  • Technology
  • Travel
  • Weather
  • World News
  • Videos
  • More
    • Podcasts
    • Reels
    • Live Video Stream

© 2022. All Right Reserved By Inbvnews.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist