Featured in Going global – 09-2022

Acceleration across the EV value chain

Indonesian efforts to reduce reliance on fossil fuels and develop domestic production of battery energy storage materials and components are picking up pace, despite a slow start. And as Sorta Caroline reports, some of the raw materials are in place for success in Southeast Asia.

By

pv magazine

06 Sep 2022

Sung Hwan Cho, President and CEO of Hyundai (left, standing) and Jong Hyun Kim, President and CEO of LG Energy Solutions, are joined virtually by Bahil Lahadalia, investment minister of Indonesia (left, on screen), and Totu Nugroho, president of Indonesia Battery Corp., for the signing of an agreement to establish battery cell manufacturing in Indonesia. | Image: Hyundai

Much of the world’s nickel can be found in Indonesia. According to the US Geological Survey, the country has 23.7% of the world’s nickel reserve – the biggest chunk of any nation, alongside Australia. And its extraction and processing of the important battery mineral is increasing, up 30% in January 2022, with the commissioning of …

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