Nickel Ore Value Increases 11 Times When Processed into Electric Car Batteries – President Joko Widodo conveyed a positive message when he visited the groundbreaking of the PT HKML Battery Indonesia Electric Vehicle Industry Factory in Karawang.

The former mayor of Solo said that Indonesia had tremendous potential because it was awarded the world’s largest nickel reserves.

“Our country, Indonesia, has the largest nickel reserves in the world, with this extraordinary potential, I am sure that in the next three to four years, through good management, good management, Indonesia will be able to become a major producer of nickel-based finished goods. such as lithium batteries, electric batteries, electric vehicle batteries,” said President Joko Widodo, Wednesday (15/9/2021).

With the downstreaming of the nickel industry, said Jokowi, the added value of nickel ore. According to him, the value of nickel ore increases up to 7 times if it is processed into battery cells.

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“And if it becomes an electric car, the added value will increase even more, which is 11 times. In addition, the development of the battery industry will also increase the attractiveness of Indonesia as an investment destination for derivative industries that use batteries, such as investment in electric motors, electric buses, and the electric car industry,” said Jokowi, quoted by the Cabinet Secretariat of the Republic of Indonesia.

The battery factory which is claimed to be the first in Southeast Asia, Jokowi said, has an investment value of USD 1.1 billion.

“By saying bismillahirrahmanirrahim, I declare that the groundbreaking of the PT HKML Battery Indonesia Electric Vehicle Battery Industrial Factory has begun,” Jokowi said.

Jokowi, who was accompanied by Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister of Investment/Head of BKPM Bahlil Lahaladia, and Minister of SOEs Erick Thohir, acknowledged Indonesia’s commitment to developing the battery and electric vehicle industry ecosystem.

“I advise that the collaboration that is built is not only between big companies or our SOEs, but also involves micro, small and medium-sized businesses,” said Jokowi.

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Also attending the event were the Governor of West Java Ridwan Kamil, the Regent of Karawang Cellica Nurrachadiana, the Korean Ambassador to Indonesia, the President of Hyundai Motor Asia Pacific Headquarters, and the CEO of PT HKML Battery Indonesia.

Source: – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by

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