Indonesia’s efforts to develop an Electric Vehicle (EV) infrastructure took another step in a positive direction with the official signing of a Memorandum of Understanding (MoU) between KADIN, the Indonesian Chamber of Commerce and Industry and the West Australian government on Tuesday, which will explore partnership opportunities in critical minerals for the battery and EV industry, report Tempo.
The MoU signing follows commitments made during last year’s G20 Summit in Bali said Arsjad Rasjid, the Chairperson of KADIN on Tuesday. “The partnership between West Australia and Indonesia can open a huge chance in this sector,” he said in a statement.
Tempo are reporting that the MoU will establish industrial partnerships in the supply chains of essential minerals in both regions, as well as share information on legal or regulatory updates and is expected to accelerate cooperation and stimulate the development of the global battery and EV industry.
“We must take advantage of this opportunity to jointly develop a battery manufacturing factory in Indonesia by utilizing Australian lithium and a profitable investment,” said Arsjad who added that Australia and Indonesia have an abundance of mineral wealth to produce EV batteries because Australia is a major supplier of lithium and Indonesia is the world’s largest producer of nickel. Both are vital components in EV batteries.
Source: Tempo, Indonesian Chamber of Commerce and Industry