Four Chinese Companies Set to Invest in Electric Vehicle Manufacturing in Indonesia
Jakarta (ANTARA) - The Daya Anagata Nusantara Investment Management Agency (Danantara Indonesia) has stated that four Chinese companies are set to invest and build electric vehicle (EV) development factories in Indonesia.
"There are many, but the frontrunners are perhaps three or four. I cannot disclose their names," said Danantara Chief Investment Officer Pandu Sjahrir at the Global Business Summit on Belt and Road Infrastructure Investment in Jakarta on Sunday.
Pandu said the four companies have interests across various investment segments, including EV battery development, data centres, and consumer services. "We shall examine them one by one," he added.
He emphasised that Chinese investment in Indonesia must not only deliver economic impact but also contribute to improving human resource capacity and information technology knowledge. "As of today, China is advanced, so we should learn directly from China. But God willing, we can eventually become one of the leaders ourselves," Pandu said.
A similar view was expressed by the Ministry of Industry, which stated that a number of automotive companies from China and Europe are keen to explore investment in EV and battery development, prompted by import tariffs imposed by the United States.
"Several manufacturers from the electric automotive and electric battery industries from China have already begun discussions with us," said Mahardi Tunggul Wicaksono, Director of Maritime Industry, Transportation Equipment, and Defence Equipment at the Ministry of Industry, during a discussion on measuring the effectiveness of automotive incentives in Jakarta on Monday (19/5).
According to him, the tariff war does not necessarily bring only negative consequences. This is evidenced by the willingness of several Chinese and European companies to invest in Indonesia. "The majority are from China, and there are already some from Europe as well," he said.
Regarding investment values, Tunggul said discussions are still ongoing. However, in principle, the companies investing in Indonesia intend to continue and relocate their investments to the country.
"There are many, but the frontrunners are perhaps three or four. I cannot disclose their names," said Danantara Chief Investment Officer Pandu Sjahrir at the Global Business Summit on Belt and Road Infrastructure Investment in Jakarta on Sunday.
Pandu said the four companies have interests across various investment segments, including EV battery development, data centres, and consumer services. "We shall examine them one by one," he added.
He emphasised that Chinese investment in Indonesia must not only deliver economic impact but also contribute to improving human resource capacity and information technology knowledge. "As of today, China is advanced, so we should learn directly from China. But God willing, we can eventually become one of the leaders ourselves," Pandu said.
A similar view was expressed by the Ministry of Industry, which stated that a number of automotive companies from China and Europe are keen to explore investment in EV and battery development, prompted by import tariffs imposed by the United States.
"Several manufacturers from the electric automotive and electric battery industries from China have already begun discussions with us," said Mahardi Tunggul Wicaksono, Director of Maritime Industry, Transportation Equipment, and Defence Equipment at the Ministry of Industry, during a discussion on measuring the effectiveness of automotive incentives in Jakarta on Monday (19/5).
According to him, the tariff war does not necessarily bring only negative consequences. This is evidenced by the willingness of several Chinese and European companies to invest in Indonesia. "The majority are from China, and there are already some from Europe as well," he said.
Regarding investment values, Tunggul said discussions are still ongoing. However, in principle, the companies investing in Indonesia intend to continue and relocate their investments to the country.