Indonesia Bets $121 Billion on Becoming the World’s EV Battery Hub
Part of composite article Southeast Asia Grabs $200 Billion as China Exit Accelerates — Vietnam Leads the Race View full article →
Indonesia is pitching its vast nickel and mineral wealth to global investors, aiming to secure an estimated US$121 billion in electric vehicle (EV) battery investments. The Southeast Asian nation, which holds the world’s largest nickel reserves, is positioning itself as a key supplier for the rapidly growing EV industry. By processing raw materials locally, Indonesia hopes to move up the value chain, creating jobs and reducing reliance on exporting unprocessed ore. The government is offering incentives and building infrastructure to attract foreign partners, including battery makers and car manufacturers. Success would transform Indonesia into a major player in the global clean energy transition.