Automotive Sector Investment Reaches Rp 157 Trillion from 2020-2024, Signalling EV Opportunities
Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan Perkasa Roeslani stated that investment in the automotive sector reached Rp 157 trillion from 2020 to 2024. This figure highlights the potential for electric vehicle development in Indonesia.
Rosan noted that over the past five years, the automotive industry in Indonesia contributed an average of 7.6 per cent to the country's manufacturing Gross Domestic Product (GDP), with investment reaching Rp 157 trillion.
"If we look again at the automotive industry during 2020-2024, realised investment exceeded Rp 157 trillion. That is a very, very significant figure," Rosan said at the New Energy Vehicle Summit 2025 in Jakarta on Tuesday (6 May 2025).
He also pointed to the opportunities for developing the electric vehicle industry from within this automotive investment portfolio. According to him, Indonesia already possesses a strong foundation for building an electric vehicle industry ecosystem.
"In Indonesia, the EV battery ecosystem — and I'm speaking specifically about EV batteries — is already the most complete, from mining, from nickel, which is part of the EV battery chain," he said.
He explained that the entire value chain, from nickel to nickel matte, nickel sulphate, precursors, cathodes, anodes, cell batteries, battery packs, and battery recycling, is already being developed in Indonesia.
"From nickel to nickel matte, nickel sulphate, precursors, cathodes, anodes, then cell batteries, battery packs, and even battery recycling — all of these investments already exist in Indonesia. So the whole ecosystem is already in place," he said.
Rosan noted that over the past five years, the automotive industry in Indonesia contributed an average of 7.6 per cent to the country's manufacturing Gross Domestic Product (GDP), with investment reaching Rp 157 trillion.
"If we look again at the automotive industry during 2020-2024, realised investment exceeded Rp 157 trillion. That is a very, very significant figure," Rosan said at the New Energy Vehicle Summit 2025 in Jakarta on Tuesday (6 May 2025).
He also pointed to the opportunities for developing the electric vehicle industry from within this automotive investment portfolio. According to him, Indonesia already possesses a strong foundation for building an electric vehicle industry ecosystem.
"In Indonesia, the EV battery ecosystem — and I'm speaking specifically about EV batteries — is already the most complete, from mining, from nickel, which is part of the EV battery chain," he said.
He explained that the entire value chain, from nickel to nickel matte, nickel sulphate, precursors, cathodes, anodes, cell batteries, battery packs, and battery recycling, is already being developed in Indonesia.
"From nickel to nickel matte, nickel sulphate, precursors, cathodes, anodes, then cell batteries, battery packs, and even battery recycling — all of these investments already exist in Indonesia. So the whole ecosystem is already in place," he said.