Prabowo Launches 11 Downstreaming Projects and First EV Battery Export in North Maluku

President Prabowo Subianto launched Indonesia’s first electric vehicle battery export and 11 downstreaming projects with a combined value of Rp180 trillion. Prabowo said some of the industrial projects had entered the commercial stage.

“By saying bismillahirrahmanirrahim, today I, President of the Republic of Indonesia Prabowo Subianto, launch the first electric vehicle battery export and four industrial projects that have entered the commercial stage,” Prabowo said at the Indonesia Weda Bay Industrial Park (IWIP) in Central Halmahera, North Maluku, on Thursday (8 October 2026).

Prabowo thanked everyone involved in bringing the projects to fruition. He praised Indonesia’s partners for their confidence in investing.

“Ladies and gentlemen, what has been achieved over the past few years is truly something we should be proud of,” he said.

Prabowo urged all parties to preserve investors’ confidence. He said the government was committed to maintaining its partnerships to the highest standard.

“I therefore wish to affirm here the commitment of the Government of the Republic of Indonesia to respect and safeguard all investments made in Indonesia, wherever they come from. We are committed to maintaining our partnerships as well as possible,” he said.