{
    "success": true,
    "data": {
        "id": 2011865,
        "msgid": "indonesia-targets-ev-battery-bess-expansion-in-phase-2-downstream-1790783442",
        "date": "2026-09-30 21:36:30",
        "title": "Indonesia targets EV battery, BESS expansion in phase 2 downstream",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Investment",
        "summary": "The Indonesian government is transitioning its downstreaming strategy towards advanced manufacturing, specifically targeting the electric vehicle battery and battery energy storage system industries. With an estimated investment requirement of US$618.1 billion through 2040, the initiative aims to move beyond basic mineral processing to enhance global market competitiveness.",
        "content": "<p>Deputy for Strategic Investment Downstream at the Investment and\nDownstreaming Ministry Heldy Satrya Putera said in a statement on\nWednesday that the country is transitioning beyond initial mineral\nprocessing toward advanced end-product supply chains.<\/p>\n<p>The government has outlined a strategic downstreaming roadmap\ncovering 28 core commodities, with an estimated investment requirement\nof US$618.1 billion through 2040.<\/p>\n<p>\u201cCurrently, our priority is entering phase two, namely expanding\ndevelopment to the electric vehicle battery industry, battery energy\nstorage system, and other high added value manufacturing,\u201d Heldy stated,\nfollowing the initial phase of establishing domestic smelters and\nrefining facilities.<\/p>\n<p>The strategy is backed by substantial capital inflows. Downstream\ninvestment realization in the first half of 2026 reached Rp300.1\ntrillion (approximately US$16.86 billion)\u2014accounting for 29.7 percent of\ntotal national investment and marking a 6.9 percent increase\nyear-over-year.<\/p>\n<p>Foreign direct investment (FDI) accounted for the majority of the\ntotal at Rp212.8 trillion (US$11.96 billion) or 70.9 percent, while\ndomestic direct investment reached Rp87.3 trillion (US$4.90 billion) or\n29.1 percent.<\/p>\n<p>Heldy emphasized that the next phase aims to strengthen market\ncompetitiveness, increase long-term capital inflows, and enhance the\ncapability of national industries to supply global markets.<\/p>\n<p>To support these objectives, the ministry, in partnership with\nFastmarkets, is hosting the International Critical Minerals and Metals\nSummit (ICMMS) in Bali on September 27\u201330, 2026.<\/p>\n<p>The summit brings together government officials, investors, battery\nmaterial producers, financial institutions, and commodity traders.<\/p>\n<p>Discussions at the event focused heavily on the economics of\nhigh-pressure acid leach (HPAL) nickel processing, technology\nintegration, and the commercial viability of precursor and cathode\nmanufacturing.<\/p>\n<p>The summit also addresses challenges in precursor and cathode\ndevelopment, focusing on raw material availability, technology transfer,\nproduct quality, off-take certainty, and project viability\u2014to ensure\nIndonesian battery materials remain competitive in the global EV supply\nchain.<\/p>\n<p>Related news: Indonesia prepares for EV battery waste peak expected\nin 2040<\/p>\n<p>Related news: BRIN develops coal waste-based battery technology for\nEV ecosystem<\/p>\n<p>Related news: Indonesia prioritizes national EV brands to boost green\ntransition<\/p>\n<p>Translator: Ahmad Muzdaffar Fauzan, Yashinta Difa<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-targets-ev-battery-bess-expansion-in-phase-2-downstream-1790783442",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}