PT Vale Indonesia Tbk and China’s Zhejiang Huayou Cobalt Co. announced an agreement with Ford Motor Co., creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable. All three companies are making equity investments in the Pomalaa Block High-Pressure Acid... Read more →

SK On, EcoPro Materials and GEM to build battery precursor plant in South Korea

SK On will partner with Korea’s largest cathode material company EcoPro, and Chinese battery materials producer GEM to build a battery core material production facility in Saemangeum, South Korea. The three companies together will spend up on 1.21 trillion won (US$934 million) for what will be their second joint venture... Read more →

The US Trade and Development Agency (USTDA) awarded a grant to PLN Indonesia Power (Indonesia Power) for technical assistance to help develop the country’s first small modular reactor (SMR) nuclear power plant. Indonesia Power selected Oregon-based NuScale Power OVS, LLC (NuScale) to carry out the assistance in partnership with a... Read more →

Mitsubishi Motors will begin production of the Minicab-MiEV, a onebox kei–car-class commercial electric vehicle (EV), at PT Mitsubishi Motors Krama Yudha Indonesia (MMKI), MMC’s factory in Indonesia. MMKI has a production capacity of 220,000 vehicles per year, and currently produces the Pajero Sport, Xpander, and Xpander Cross. The Minicab-MiEV, which... Read more →

Hyundai signs MoU to establish advanced air mobility ecosystem in Indonesia’s new capital city

Hyundai Motor Group signed a Memorandum of Understanding (MoU) with the Nusantara Capital City Authority (Indonesia: Otorita Ibu Kota Nusantara, OIKN) to work together to establish an advanced air mobility (AAM) ecosystem in Indonesia. The MoU was executed during the B20 summit in Indonesia. The MoU aims to introduce AAM... Read more →

The global net zero transition can represent a $3.5-trillion investment opportunity for Indonesia, according to a new report published at the BNEF Summit Bali by research company BloombergNEF (BNEF) entitled Net-Zero Transition: Opportunities for Indonesia. Based on BNEF’s New Energy Outlook, its annual long-term scenario analysis on the future of... Read more →