Tantangan Investasi Membangun Ekosistem Baterai Kendaraan Listrik
Presiden Joko Widodo pada bulan Juli lalu telah meresmikan ekosistem baterai dan kendaraan listrik Korea Selatan di Indonesia, di Kabupaten Karawang, Jawa Barat yang disebut sebagai pabrik sel baterai kendaraan listrik yang pertama dan terbesar di Asia Tenggara. Langkah tersebut menjadi bukti komitmen Pemerintah dalam membangun ekosistem baterai kendaraan listrik di Tanah Air.
Meski demikian, untuk membangun ekosistem baterai kendaraan listrik di Indonesia membutuhkan dana dan investasi yang tidak sedikit. PT Industri Baterai Indonesia atau Indonesia Battery Corporation (IBC) mengungkapkan, setidaknya dibutuhkan anggaran hingga mencapai USD6 miliar. Jumlah kebutuhan penanaman modal tersebut, untuk memproduksi baterai kendaraan listrik yang mencakup infrastruktur dari hulu ke hilir.
Indonesia juga tengah menjalin kerja sama di sektor energi, terutama di bidang mineral kritis dengan negara-negara Afrika, guna mendukung pengembangan ekosistem baterai kendaraan listrik. Sebab, untuk memproduksi baterai kendaraan listrik, Indonesia membutuhkan banyak mineral kritis yang tidak terbatas hanya nikel saja. Selain nikel, baterai kendaraan listrik juga terbentuk dari komponen litium, kobalt, mangaan, alumina dan timah.
Meski demikian, untuk membangun ekosistem baterai kendaraan listrik di Indonesia membutuhkan dana dan investasi yang tidak sedikit. PT Industri Baterai Indonesia atau Indonesia Battery Corporation (IBC) mengungkapkan, setidaknya dibutuhkan anggaran hingga mencapai USD6 miliar. Jumlah kebutuhan penanaman modal tersebut, untuk memproduksi baterai kendaraan listrik yang mencakup infrastruktur dari hulu ke hilir.
Indonesia juga tengah menjalin kerja sama di sektor energi, terutama di bidang mineral kritis dengan negara-negara Afrika, guna mendukung pengembangan ekosistem baterai kendaraan listrik. Sebab, untuk memproduksi baterai kendaraan listrik, Indonesia membutuhkan banyak mineral kritis yang tidak terbatas hanya nikel saja. Selain nikel, baterai kendaraan listrik juga terbentuk dari komponen litium, kobalt, mangaan, alumina dan timah.
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TVTranscript
00:00INDONESIAN ECONOMIC MOVEMENTS
00:15Hello viewers, how are you today?
00:17Live from the AIDA External Studio in Jakarta
00:19I, Prasetya Wiwo, am back in Market Review
00:22A program that covers Indonesian economic movements
00:25You can watch our live streaming at aidaexternal.com
00:29Without further ado, let's start the Market Review
00:41The government has been trying to build an electric vehicle ecosystem
00:45From upstream to downstream
00:46And one of them is the battery
00:48Meanwhile, PT Industry Battery Indonesia or Indonesia Battery Corporation, IBC
00:53Announced that the need for investment to build an electric vehicle battery ecosystem in the country
00:59Is estimated to reach US$6 billion
01:06President Joko Widodo last July
01:09Has inaugurated a battery and electric vehicle ecosystem in South Korea
01:12In Indonesia in Karawang, West Java
01:15Which is called the first and largest battery cell factory in Southeast Asia
01:21This step is a proof of the government's commitment
01:23In building an electric vehicle battery ecosystem in the water
01:28Nevertheless, to build an electric vehicle battery ecosystem in Indonesia
01:32It requires a considerable amount of funds and investment
01:35PT Industry Battery Indonesia or Indonesia Battery Corporation, IBC
01:39Announced that at least a budget of up to US$6 billion is needed
01:44The amount of capital investment needed to produce an electric vehicle battery
01:49Which covers infrastructure from upstream to downstream
01:53Indonesia is also cooperating in the energy sector
01:55Especially in the field of critical minerals with African countries
01:59To support the development of an electric vehicle battery ecosystem
02:02Because to produce an electric vehicle battery
02:05Indonesia needs a lot of critical minerals that are not limited to nickel
02:10In addition to nickel, electric vehicle batteries are also made up of
02:13Lithium, cobalt, manganese, aluminum, tin, etc.
02:19And based on the report of the Ministry of Foreign Affairs of Indonesia
02:22African countries will play the most important role in the global electric vehicle industry
02:26Because it has a critical mineral wealth such as
02:29World's cobalt reserves of 55%
02:3148% manganese
02:3322% graphite, etc.
02:37Jakarta covered by IDX Channel
02:41Yes, Mr. Bayu Sangteng discusses our interesting topic today
02:45The challenge of investment in building an electric vehicle battery ecosystem
02:48We are with Mr. Lizum
02:50Together with Mr. Bayu Dihermawan
02:52He is Vivi, Commercial and Marketing from PT Industri Batere Indonesia
02:57Good morning, Mr. Bayu
02:58Hello, good morning, Mr. Pras
03:00Yes, greetings, sir
03:02Yes, Alhamdulillah, how are you, Mr. Pras?
03:04Good, good news too
03:05Thank you for taking the time
03:07We will update first
03:10What is the latest news from the development effort
03:13Then the development of the electric vehicle ecosystem in Indonesia, Mr. Bayu
03:18Okay, thank you, Mr. Pras
03:19Indeed, if we look at it, the current trend is quite positive
03:24We can see from the market side first
03:28We see until the first semester of 2024
03:31Electric vehicle sales in Indonesia
03:34For electric motorcycles, it reached 39,000 units
03:38This is compared to last year
03:40The first semester for electric motorcycles was only 11,000
03:43While this year it reached 39,000
03:46That's the first
03:48Then the second is from the electric vehicle sector of the four wheels
03:51Sales in the first semester have reached 17,000 units
03:55Compared to last year, the first semester was only 6,000 units
03:59This is also in line with the provision of power supply infrastructure
04:04SPKLU in Indonesia has reached 1,300
04:07Then for SPBKLU itself, it is more than 1,000 units in Indonesia
04:13If we look at it, it is also in line with the industry
04:17From the manufacture of electric vehicles in Indonesia
04:20Where several OEMs have localized their manufacturing facilities in Indonesia
04:26So we can see from the indications
04:29That the growth is very positive in Indonesia
04:33Related to the electric vehicle ecosystem in Indonesia
04:37Where we can see the connection between the movements by the government
04:43Through incentives, socialization, and so on
04:46Then also the awareness of the public related to the use of electric vehicles
04:52So, is the development of the electric vehicle ecosystem
04:56Whether motor or car, it is already in line with the ecosystem
05:00From the battery of the electric vehicle itself, Mr. Bayu?
05:04Okay, Mr. Pras
05:05So if we go back to the beginning
05:09This is in addition to the industry of the manufacture of electric vehicles
05:12Which has begun to develop in Indonesia
05:15The battery industry has also begun to develop in Indonesia
05:18Here we see there are several factories
05:21Related to battery pack manufacturing facilities in Indonesia
05:25It has begun to grow
05:27And also several OEMs like the one we mentioned earlier
05:31It has been supplying domestic supply chains
05:36From the battery pack manufacturing in Indonesia
05:40But on the other hand
05:44Currently, there are two types of batteries in Indonesia
05:49Which are commonly used in electric vehicles
05:51That is lithium ferrophosphate and another one is nickel-based battery
05:56Or we usually call it NFC
05:58And if we inline it further to the north
06:03Of course Indonesia has a very strong value proposition in nickel-based batteries
06:08Maybe like that, Mr. Pras
06:10Okay, interesting
06:11If there are already two types of batteries, LVF and NFC in Indonesia
06:15Then if we talk about the road map for the development of the battery ecosystem
06:19Is there any restriction control already or not?
06:22If there is, then how?
06:25Update or how is it going?
06:27Okay, thank you, Mr. Pras
06:29Indeed, IBC as an investment holding that moves in New Energy Materials
06:34Especially related to the battery ecosystem of electric vehicles
06:38Where we implement integrated project
06:41From upstream to downstream, even to recycling
06:45Like that
06:46Of course, in implementing it, we have a roadmap
06:51Which we pour into the company's RGPP
06:54Where in 2030, our production capacity will reach 45 gigawatts
07:00Of course it's ramping up, starting from 10 gigawatts
07:03Going up to 15 gigawatts, then ramping up
07:06Like that
07:07And indeed, our target in the near future
07:12That's around 2026-2027
07:15That's when our factory will start to be established
07:18Regarding other value chains
07:21Okay, there are 45 gigawatt targets like that
07:24But how do you see it?
07:25With the readiness from upstream to downstream
07:27The readiness to support the target
07:31Okay, this is quite interesting, Mr. Pras
07:33Because what we develop is utilization
07:37So integrated from upstream to downstream
07:39Of course, one value chain and the other will always be related
07:43Okay
07:44And that's what we are committed to
07:46The development of integration from upstream and downstream
07:48Because most of the battery components are available in Indonesia
07:53So this is an Indonesian steel
07:55There are indeed some steel components that are not available in Indonesia
07:59Like lithium or cobalt sulfate
08:01But gradually, we are sure
08:03Issues related to remaining supply chains that are not available in Indonesia
08:07We can provide through long-term supply
08:09Then on-shoring technology and so on
08:13Okay, well, ABC mentioned that the need for investment funds
08:16To develop the ecosystem itself is quite large
08:19Around 6 billion US dollars
08:21Can you explain further?
08:22But hold on to Mr. Bayu's answer
08:24We'll leave it for a while
08:25And Mr. Pras, make sure you're still with us
08:31Thank you
08:44Thank you for still joining us in the market review
08:47Next, we will present data related to the types of electric vehicle batteries
08:52Used by the people around the world
08:55First, there is a nickel metal hydride battery
08:58Then there is a lead acid battery
09:01Then there is a solid-state battery
09:03Then there is a nickel-cadmium battery
09:05There is also an ultra-capacitor battery
09:08And there is also a lithium-ion battery
09:10This is used quite a lot in Indonesia
09:14And let's see
09:15There are 10 electric cars sold in July 2024
09:19This is data from Gaikindo
09:20There is BYD sale
09:22Up to 1,290 units have been sold
09:26Then there is Wuling Cloud EV
09:28There is a series of Omoda E5
09:30Then there is BYD
09:32MG, Hyundai Kona
09:34Then some of them are still dominated by BYD and Wuling
09:40For the sale of electric cars in July 2024
09:44Next, we see the commitment from Indonesia Battery Corporation ABC
09:48The EV battery industry from Hulu to Hilir
09:51We see the mechanism
09:53First, there is nickel
09:55Then there is lead acid
09:57Then there is battery and component cell
10:00Then there is battery cell
10:02Then there is battery module
10:03Then there is pack
10:04Then there is XEV
10:06This is the type of vehicle used
10:08Then there is ISS
10:09This is also one of the storage media for electricity and infrastructure
10:15And finally, there is a recycling
10:17Which has been done by ABC
10:20We will continue
10:21to discuss with Mr. Bayu Yudi Hermawan
10:24Mr. Bayu, we will continue
10:26From some data that has been reported
10:28Indeed, in Indonesia, LFC and MFC are used for electric vehicles
10:33But you see how
10:35With the current condition
10:37The cost is 6 billion US dollars
10:42It's really that big
10:43And is this enough for the Hulu to Hilir process?
10:49Thank you, Mr. Pras
10:50Indeed, the investment value is fantastic
10:54But we need to dig deeper
10:58So there are several factors that direct the total investment value
11:03As Mr. Pras said earlier
11:06In the infographic
11:09That what is developed by ABC is not only the battery cell factory
11:15But there are also several integrated industries
11:19Developed by ABC
11:21So actually the total investment is
11:25To implement several industries
11:28Hulu to Hilir in an integrated way
11:30That's the first
11:31Then the second is related to the battery capacity
11:35The production capacity
11:39What we are developing at the moment
11:42The capacity is quite large
11:45Even the potential to reach 45 gigawatts
11:49In the future, it is indeed stagic
11:51Starting from 10, 15, then ramping up
11:54Then also from the smelter industry
11:58Up to 300,000 tons per year
12:01And so on
12:03That's the second factor
12:04Then the third factor is technology
12:08As we know
12:10The battery industry uses specific technology
12:15From Hilir to Nisrim, even Hulu
12:19For the management industry, as stated in the infographic
12:23There is indeed a different type of technology
12:27Depending on the type of nickel ore
12:30Some use HVAL, some use RKF, and so on
12:34Then the last one is related to the full cycle
12:39That what we are developing also includes
12:42Recycling the facility of the battery
12:45So to make this industry integrated
12:48Of course we can't ignore the last step
12:52Which is related to recycling
12:54So that the output of the recycling
12:57Will be used again to our mainstream industry
13:00For the management of the break-personnel method
13:03So that the project is really integrated
13:07Maybe those are some of the justifications
13:09Related to the total investment cost
13:12Yes, so the total cost is gradually used
13:16From Hulu to Hilir, including the process
13:18From the raw material to the battery product
13:22Electric vehicles, right, Mr. Bayu?
13:24That's right, it's integrated
13:26So it's not just one specific industry
13:28But a truly integrated industry
13:30Okay, this is interesting
13:31Next, what about the raw material needs?
13:34You mentioned that most of it can be obtained in Indonesia
13:38So how?
13:39Do we have to get it from abroad?
13:42Do we have to import it, or what?
13:44Okay, as we know together
13:46Indonesia has a different proposition
13:49It is absolutely in the nickel
13:52Where we are the number one player in nickel global supply
13:57At least in terms of reserves and capacities
14:00Then in addition to nickel
14:03Indonesia also has several other resources
14:06Which can actually be further hilirized in the future
14:10Such as cobalt, bauxite, manganese, aluminum, etc.
14:15Indeed, if we look at the battery component
14:19The remaining is usually only lithium
14:23Only lithium
14:25Lithium, if we look deeper, is actually in the cobalt sulfate
14:31Several mitigations that we do
14:33Of course, related to long-term uptake
14:36Related to lithium
14:38Then cooperation related to alternative technology
14:41Later in the future
14:44Then of course we also encourage the on-shoring of other manufacturing industries
14:50Other industry related to materials other than nickel
14:54Yes, so ABC has done pioneering
14:57Related to downstreaming from nickel to battery
15:00This also has the potential in the future
15:02For us to do downstreaming of other steel materials in Indonesia
15:06Okay, so ABC is not alone
15:09Cooperate with mining companies
15:11Related to the need for steel materials for electric vehicle batteries
15:15Okay, of course in developing this integrated industry
15:20We are in partnership
15:24And not only from the hoodoo sector
15:26But in terms of the midstream, downstream sector
15:29EV ecosystem, even recycling
15:32Cooperate in its development
15:36So there are indeed several justifications
15:39Why this partnership is needed
15:42The first is related to technology
15:45Then the second is related to the investment itself
15:48Then the third is related to the global market penetration itself
15:53This is what I mean
15:55Okay, so how with the adoption of technology management
15:58Making electric battery
16:00This is what will impact later
16:02With a fairly sensitive price for the community
16:05We will discuss later in the next segment, Mr. Bayu
16:07We will be back in a moment
16:09We will be right back after the next conversation
16:19Indonesia Battery Corporation
16:27We will continue this interesting discussion
16:30With Mr. Bayu Yudi Hermawan
16:32He is the VP of Commercial and Marketing at IBC
16:35Interesting, if we look at the adoption of technology management
16:39Making electric vehicle batteries by IBC itself
16:43Indonesia Battery Corporation
16:45As far as I remember, this is related later
16:48We know that this price is very sensitive in Indonesia
16:52Especially for electric vehicles, Mr. Bayu
16:55Please
16:56Okay, Mr. Pras
16:58So if we look again from the previous discussion
17:02That Indonesia has a very good value proposition
17:06In the development of battery integration
17:08From raw materials, from Indonesia's economic capabilities
17:12Then from the market itself
17:14What is the remaining?
17:15As Mr. Pras said earlier
17:17There is indeed a technology gap
17:19Related to technology management in Indonesia
17:23Or Indonesia itself
17:26At the moment, we are trying to mitigate those things
17:29Through strategic coordination
17:32Related to the needs of the technology
17:35Because the technology is quite specific
17:37In each of its chains
17:39So we don't just talk about technology
17:43From the battery cell itself
17:45But also technology related to nickel processing
17:48Processing of battery active materials
17:51Precursor method
17:53Until technology related to its recycling facilities
17:56So in this early phase
17:59In order to accelerate the hybridization in Indonesia
18:02We are doing strategic coordination
18:05Then in the future, of course, we will also be involved
18:08Related to technology
18:11As well as technology development in the country
18:13So we do it in a staging way
18:15Maybe like that
18:17So it means collaborating with multinational companies
18:20In building Indonesia's battery control ecosystem
18:23But more on which part?
18:25The technology, then indeed to the distribution and production
18:30Or how? If we look at the cooperation
18:32So the cooperation was in three points
18:38As we said
18:40The first is related to technology adoption
18:43From processing facilities
18:46Then from the end product
18:49Because the end product must be accepted by the global market
18:53Then the second cooperation is related to investment
18:58As we know, this is quite fantastic
19:01So the value of the investment
19:03Of course we need partnership related to the investment
19:06Then the third is related to the global market penetration
19:10So indeed the global partners of this battery control
19:13They also have a captive market globally
19:16So that the products that will be produced later
19:20From the hybridization of Indonesian steel
19:23Can do penetration in the global market
19:28Okay, so Indonesia is not just a market
19:32But can also be a production base
19:34For electric vehicle batteries
19:36Which are then exported and used by electric vehicles
19:39From multinational companies abroad
19:42That's right, Mr. Pras
19:44Okay, so what are the challenges facing IBC
19:48In building the electric vehicle battery ecosystem?
19:52Okay, this is very interesting, Mr. Pras
19:55So because it's related to the integrated industry
19:58The typical industry is also different
20:01So if we look at the upstream to midstream industry
20:04This may be more closely related to the manufacturing industry
20:07What is the name of the material?
20:09Manufacturing, manufacturing of active materials, etc.
20:14Meanwhile, for downstreaming in the battery industry
20:17It is more closely related to the manufacturing industry
20:20So each of the key players has their own challenges
20:24Then in general, what we do now
20:28In addition to being related to several code streams that we mentioned earlier
20:32Related to technology, investment capabilities
20:35Then access to global market penetration
20:38Maybe the other thing we need to say here
20:40Is related to the workforce
20:42Or what is it called?
20:44Human resources capability
20:47Because indeed this battery is an adoption of technology
20:51Which is quite new in Indonesia
20:54So experts in the field of battery
20:59Then active material
21:01This is very needed right now
21:04In the development of the integrated industry in Indonesia
21:07Then the other challenge is related to disruption of alternative technology
21:13Currently there are several types of batteries
21:17Which indeed from the supply chain side
21:20Currently not available or not enough in Indonesia
21:26With the challenges faced by IBC
21:29To build an electric vehicle battery ecosystem in Indonesia
21:32How does the government support
21:34In the form of legislation, policies, incentives, etc.
21:38To build the ecosystem
21:40Right now we feel that we are heading in the right direction
21:46Where if we look from the consumer side
21:51There are already several incentives or support from the government
21:54So that the community can adopt electric vehicles more efficiently
21:59That's also from the power supply side
22:02Infrastructure, friends from PLM
22:06Then from the private sector have also started to move
22:09For the provision of power supply facilities
22:12That's from the consumer side
22:14Then from the industry players
22:18Currently there are several supports from the government
22:22Related to incentives, etc.
22:27So that the business players, the manufacturing industry
22:31Have already started to build their factories in Indonesia
22:34That's related to tax exemption
22:37Then there is also the release of some import taxes, etc.
22:42So we feel that we are heading in the right direction
22:48So the support is okay
22:50We just have to wait for the infrastructure
22:53So what benefits can be achieved in Indonesia
22:57If the electric vehicle battery ecosystem is well-organized?
23:04Well, this is the ultimate goal of our investment
23:11In the development of the electric vehicle battery industry
23:14Of course, the main investment is related to reducing emissions
23:19Because the future goals are net zero emissions
23:24In order to reach gold in Indonesia in 2045
23:28Until 2060 later with the target net zero emissions
23:32Of course, the reduction of IBC's CO2
23:36At the end of 2030
23:38We estimate it to reach 9 million tons per annum
23:42The reduction of CO2 emissions
23:44That's the first
23:46The second is related to the GDP impact potential
23:50For the Indonesian government
23:52For the Indonesian nation
23:53Where we see the potential to reach 3 billion
23:58If the integrated industry, including the ecosystem
24:02Grows in Indonesia
24:04There is a multiplier effect
24:06Compared to just exporting the raw materials
24:11If we do downstream more
24:13This multiplier effect is up to 9 times
24:17Then the last one is related to the absorption of labor
24:21Here we estimate for the labor
24:25Like the need for engineering, high-level workforce, etc.
24:29It reaches 2,000 workers
24:32Not including native workers on the field
24:35Then the industries and so on
24:38Finally, this also helps the Indonesian government
24:42To reduce dependence on imported fuel
24:46Where the potential is up to 29 million barrels per year
24:54So the benefits can be realized
24:56It's really amazing
24:57From the revenue side
24:59The potential of the 3 billion barrels is wide open
25:01For the GDP impact
25:04Then the creation of job opportunities
25:06It can be above 2,000
25:07If it was just the skilled workers
25:09Not only that
25:10Our BBM dependence is still quite high
25:13And hopefully it can be realized well
25:16We will wait for the results from IBC
25:18Mr. Bayu, thank you very much
25:20Thank you for your time, sharing, and information
25:22That has been conveyed to the audience today
25:24Congratulations on continuing your activities again
25:26Good health, Mr. Bayu, thank you
25:28Thank you
25:30All right, audience, don't leave your seat
25:33Because in a moment we will be back
25:35Of course with information and other interesting themes
25:37Effectiveness, door opening, import, 7 commodities
25:41Market Review will be back soon
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