IBC Opens Up About the Strategic Role of the EV Battery Ecosystem in Indonesia
Thu 10 Jul 2025, 09:32 AM
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PT Indonesia Battery Corporation (IBC) emphasized the importance of Indonesia developing an integrated electric vehicle (EV) battery ecosystem, not only as a player in the EV battery market but also for the global EV battery market.
IBC's Director of Institutional Relations, Reynaldi Istanto, stated that downstreaming is a key goal of the Indonesian President Prabowo Subianto administration, particularly in increasing the added value of mining products.
Therefore, IBC considers the EV battery ecosystem located in Artha Industrial Hill (AIH) & Karawang New Industry City (KNIC), Karawang, West Java, to be very important not only for players but also for the market.
"It's crucial not only for players but also for the market. The EV battery ecosystem itself is a high-value component; nickel in batteries is 70 times more significant for the Indonesian economy", explained Reynaldi Istanto at CNBC Indonesia's Mining Zone Special Dialogue on Thursday (July 10, 2025).
With the presence of this EV Battery Ecosystem, Indonesia is expected to create up to 8,000 direct jobs and 35,000 indirect jobs.
For your information, the integrated upstream-to-downstream battery ecosystem project is operated by PT Aneka Tambang (Antam), PT Indonesia Battery Corporation (IBC), and a Chinese company, Ningbo Contemporary Brunp Lygend Co. Ltd. (CBL), a joint venture between CATL, Brunp, and Lygend.
Meanwhile, the total investment for the upstream-downstream project reached USD 5.9 billion, equivalent to IDR 96.04 trillion (assuming an exchange rate of IDR 16,278 per USD).
The project comprises a total of six joint ventures ( JVs ) ranging from upstream to downstream. Specifically, JVs one through three represent the upstream battery ecosystem, while JVs four through six represent the downstream battery ecosystem.
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