President Jokowi Inaugurates Phase Two Of Electric Battery Industry

JAKARTA - President Joko Widodo (Jokowi) inaugurated the implementation of the second phase of the development of the integrated electric battery industry in the Batang Integrated Industrial Estate (KIT), Batang Regency, Central Java, Wednesday 8 June. The electric battery industry, which was built thanks to the investment by the South Korean company LG, is the first investment in the world to integrate the production of electric vehicles. from upstream to downstream." "Starting from nickel mining, smelters, precursor factories, cathode factories, then electric batteries, battery packs, to electric cars, still adding the battery recycling industry. From upstream to downstream, end to end , everything is done in this investment," he said. Furthermore, the President also admitted that he was happy with how The upstream to downstream investment funds are spread across several regions in Indonesia. He explained that the nickel addition and smelting are located in Halmahera, North Maluku. Meanwhile, KIT Batang is the location for the purification industry, precursor industry, and cathode industry. "Then the battery factory is also being built in Karawang and the electric car factory is in Cikarang. said the Head of State.

LG invested no less than Rp142 trillion or US$9.8 billion in the investment in the integrated electric battery industry, a number which according to the President is not a small amount. Meanwhile, the Minister of Investment/Head of BKPM Bahlil Lahadalia on an earlier opportunity reported that the first phase of the Batang KIT which covers an area of 450 hectares has been sold exhausted, while for the second stage it covers an area of 1,000 hectares." From that area, LG entered approximately 275 hectares, then FoxConn will also be here and third, God willing, there will be another entry from America. Our target is the end of 2023, at least 50 percent of the 4,300 hectares in Batang will be fully occupied," he said. Also attending the event were SOE Minister Erick Thohir, Minister of the Environment Life and Forestry Siti Nurbaya Bakar, Minister of State Secretary Pratikno, Governor of Central Java Ganjar Pranowo, Ambassador of Korea Park Tae-sung, and President and CRO of LG Energy Solutions Lee Bang-soo.