Indonesia woos Tesla, Chinese and South Korean firms, in bid for electric vehicle battery crown Elon Musk. Photo: Getty Images
As momentum grows for the adoption of electric vehicles in Asia, Indonesia is hoping to become a key part of the supply chain by becoming a major producer of lithium-ion batteries.
Southeast Asia s largest economy owns one-quarter of the world s reserves of nickel - a key material in the production of the batteries - and as a country controls the world s largest reserves, ahead of Australia and Brazil.
Indeed, the country is a hinterland for many of the raw materials essential for the manufacturing of EV batteries , not only for nickel, but for cobalt and copper too, according to Andrey Berdichevskiy, director at Deloitte s Future of Mobility Solution Centre in Singapore.
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