Insight

Global Brands Invest IDR15.4tn in Indonesia’s EV Production

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Algo Research Team


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Key Summary:


  • Seven global EV brands have invested IDR 15.4 trillion in total
  • Indonesia’s aims to meet 108.2 GWh battery demand by 2030
  • Government rewards higher incentives for more local content

The electric vehicle (EV) industry in Indonesia is experiencing rapid investment, driven by the entry of 7 major automotive brands that are currently constructing battery-based EV assembly plants in the country.


Context: According to Rosan Roeslani, Minister of Investment and Downstreaming, seven EV manufacturers have committed to investing in Indonesia, and some have commenced construction of their facilities.


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