Foreign Investors Reaffirm Commitment to Indonesia's Electric Vehicle Ecosystem
JAKARTA, investor.id – The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has confirmed the commitment of foreign investors to developing the electric vehicle (EV) ecosystem in Indonesia. The investors in question are notably Contemporary Amperex Technology Co. Limited (CATL) and Huayou.
Minister of Investment and Downstreaming/Head of BKPM, Rosan Roeslani, revealed that CATL has committed to developing battery cell production with a capacity of approximately 6 to 15 Gigawatt Hours (GWh). Meanwhile, Huayou has confirmed its participation in building an EV investment project worth billions of US dollars. In its initial phase, Huayou will invest approximately US$9 billion, with plans for further expansion.
"In terms of total investment in Indonesia, as I recently met with the chairman, it has already reached US$9 billion that has been invested and deployed," said Rosan when met in the SCBD area, Jakarta, on Tuesday (6 May 2025).
Beyond the two Chinese companies mentioned above, Rosan also noted the visit by the Federation of Korean Industries (FKI) to the Merdeka Palace, Jakarta, on Monday, 28 April 2025.
The meeting yielded positive results with additional investment commitments from a number of South Korean companies across various strategic sectors in Indonesia, including nickel downstreaming, which forms part of the EV ecosystem supply chain, particularly for batteries.
Rosan disclosed that 19 Korean business leaders attended the meeting, of whom 18 already had active investments in Indonesia. The total investment realised by these 19 corporate groups has reached nearly US$15.4 billion, with plans for an additional US$1.7 billion in investment.
As an example, EcoPro's investment in Morowali is worth nearly US$500 million for cathode precursor production and nickel smelting. Another company, LX International, has committed to continuing investments in the coal, nickel, and plantation sectors totalling up to US$500 million.
Additionally, Vietnamese investor VinFast Auto Ltd also intends to build electric vehicle charging station infrastructure in Indonesia, with plans to construct no fewer than 3,000 charging stations.
"The point is this: their appetite for investment is very high, very well maintained, and very strong. Because they see that we always strive for the best in terms of policy and regulation," Rosan explained.
Minister of Investment and Downstreaming/Head of BKPM, Rosan Roeslani, revealed that CATL has committed to developing battery cell production with a capacity of approximately 6 to 15 Gigawatt Hours (GWh). Meanwhile, Huayou has confirmed its participation in building an EV investment project worth billions of US dollars. In its initial phase, Huayou will invest approximately US$9 billion, with plans for further expansion.
"In terms of total investment in Indonesia, as I recently met with the chairman, it has already reached US$9 billion that has been invested and deployed," said Rosan when met in the SCBD area, Jakarta, on Tuesday (6 May 2025).
Beyond the two Chinese companies mentioned above, Rosan also noted the visit by the Federation of Korean Industries (FKI) to the Merdeka Palace, Jakarta, on Monday, 28 April 2025.
The meeting yielded positive results with additional investment commitments from a number of South Korean companies across various strategic sectors in Indonesia, including nickel downstreaming, which forms part of the EV ecosystem supply chain, particularly for batteries.
Rosan disclosed that 19 Korean business leaders attended the meeting, of whom 18 already had active investments in Indonesia. The total investment realised by these 19 corporate groups has reached nearly US$15.4 billion, with plans for an additional US$1.7 billion in investment.
As an example, EcoPro's investment in Morowali is worth nearly US$500 million for cathode precursor production and nickel smelting. Another company, LX International, has committed to continuing investments in the coal, nickel, and plantation sectors totalling up to US$500 million.
Additionally, Vietnamese investor VinFast Auto Ltd also intends to build electric vehicle charging station infrastructure in Indonesia, with plans to construct no fewer than 3,000 charging stations.
"The point is this: their appetite for investment is very high, very well maintained, and very strong. Because they see that we always strive for the best in terms of policy and regulation," Rosan explained.