Indonesia will invest 4 billion US dollars to build lithium battery factory investors or from China, Japan and Korea

2018-12-05 05:16:18 Blog
Indonesian officials revealed that Indonesia will build the world's largest lithium battery plant to supply electric vehicle factories with an estimated investment of 4 billion US dollars.Indonesia will play an important role in the development of electric vehicles worldwide. Therefore, Indonesia will build a new lithium battery factory to supply electric vehicle factories.Luhut Binsar Panjaitan, Minister of Ocean Affairs Coordination, said that the built battery factory will be held on January 11, 2019.On November 29th, Ruhut said at the Energy Forum Pertamina Energy Forum (PEF) held at the Raffles Hotel in Jakarta: "The world's largest lithium battery plant with an estimated investment of 4 billion US dollars will be on January 11, 2019. Morowali held a groundbreaking ceremony and the construction time was about two years."Ruhut explained that with the growing trend of electric vehicles, the demand for batteries is expected to continue to grow and the development potential is great."I hope that we can become the market leader in lithium batteries. At present, China is the world's largest producer of lithium batteries, and it is the leader." Ruhut continued. "The data shows that sales of electric vehicles continue to rise, increasing by 100% from 2015 to 2017. China is by far the world's largest supplier of lithium batteries." Ruhut said this.Ruhut added, "The use of lithium batteries is very beneficial to the environment. Because used lithium batteries can be recycled and reused."Ruhut also pointed out that several investors have expressed strong interest in building lithium battery plants in Indonesia. Among them, investors from China, Japan and South Korea are deeply interested, with an investment of about 4.3 billion US dollars (equivalent to Indonesian currency of about 6.14 trillion rupiah, calculated by shield currency to US dollar exchange rate of 14,400
lithium battery

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