UOB Indonesia Ready To Support The Country Becomes A Supporter Of World Electric Vehicle Production

JAKARTA - Wholesale Banking Director of UOB Indonesia Pleaseman Kasan said his company is ready to support Indonesia to support the production of world electric vehicles.

"With a strong network throughout the ASEAN region and access to market insight, we are committed to providing holistic banking solutions for players in the electric vehicle industry who want to do business in Southeast Asia," he said in an official statement, quoted from Antara, Tuesday, January 10.

He believes that Indonesia can support the production of world electric vehicles because it is rich in mineral resources needed by the electric vehicle industry, such as alumina, cobalt, manganese, and nickel, which are components of lithium-ion batteries.

According to the United States Geological Survey (USGS), Indonesia has a nickel reserve of 21 million tons or 22.3 percent of the world's nickel reserves. As much as 25 to 40 percent of the cost of making an electric vehicle is intended for batteries so that Indonesia is a significant producer of electric vehicle components in the world.

Indonesia's efforts to become the world's main player in the supply chain of electric vehicles are also considered successful, with more and more producers choosing countries in Southeast Asia, apart from China, as alternative locations.

"Indonesia has abundant natural resources that will support its sustainability growth and ambition," said Harapanman.

He views that the prospect of economic and environmental progress in the country remains promising, even though currently the electric vehicle ecosystem in Indonesia is still in a period of growth.

In addition to the wealth of its mineral resources, Indonesia's goal to be included in the supply chain of electric vehicle production is also driven by government support and strong synergy between strong stakeholders.

He appreciated the steps taken by PT Perusahaan Listrik Negara (PLN) which has prepared servers and special business schemes aimed at increasing partnerships with private companies to accelerate the expansion of electric vehicle charging stations.

"Along with time, this effort will help reduce concerns about the lack of public charging infrastructure which is considered the biggest concern among Indonesian consumers regarding the battery-powered electric vehicle," he said.