Indonesia & Australia

Indonesia wants to develop an integrated electric vehicle EV supply chain and become an EV battery producer and exporter. Southeast Asia’s largest economy has the ambitious goal to make batteries with a capacity of 140 gigawatt hours (GWh) in 2030. Deputy Minister of the Ministry of State-Owned Enterprises (BUMN Pahala) Nugraha Mansury said 50 GWh could be exported abroad. The rest, according to Pahala, will be used by the Indonesia Battery Corporation (IBC) to produce electric vehicles in the country. The value of the investment needed is estimated at IDR 238 trillion (USD $17B). Indonesia’s first battery plant under construction is a 50:50 joint venture of Hyundai and LG Eenergy Solutions and in proximity to Hyundai’s EV plant east of the current capital Jakarta. Policy

Australia

Government support has helped Australia become a global leader in lithium mining and refining. Development of new copper and nickel mines have committed to achieving net zero greenhouse gas emissions to help gain EPA approval. Australia’s Critical Minerals Strategy: Discussion Paper doesn’t mention national security or China, but hints at Australian concern about China’s domination of supply chains for critical minerals. Future Battery Industries sets goal to develop a national battery strategy. $2.2-$2.8 billion sought to develop Australia’s clean energy infrastructure.

Volta Foundation

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