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Search resuls for: "Fransiska Nangoy Gayatri Suroyo"


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☆ Like Musk, nickel-rich Indonesia has high electric vehicle ambitions
  + stars: | 2023-02-06 | by ( Fransiska Nangoy Gayatri Suroyo Bernadette Christina | Fransiska Nangoy | Gayatri Suroyo | ) www.reuters.com   time to read: +6 min
President Joko Widodo has pulled out all the stops to convince CEO Elon Musk to manufacture electric vehicles or batteries in the sprawling Southeast Asian archipelago. "The Indonesian government is building a whole value chain for servicing electric vehicle factories," said Victor Chin, principal consultant at metal consultancy firm CRU. Musk's goal is to sell 20 million electric vehicles in 2030, more than a 15-fold increase over the 1.3 million vehicles Tesla sold in 2022. Jokowi did not give a timeline for the exports growth but said Indonesia was aiming to establish an integrated supply chain for electric vehicle batteries by 2027. In other moves, Indonesia will also ban exports of copper ore and bauxite in June, both of which are used in electric vehicle production.
☆ Indonesia exports could hit $300 bln by 2024, spurred by resource 'downstreaming'
  + stars: | 2022-10-24 | by ( Fransiska Nangoy Gayatri Suroyo | Fransiska Nangoy | Gayatri Suroyo | ) www.reuters.com   time to read: +3 min
Indonesia's Coordinating Minister of Maritime Affairs and Investment Luhut Pandjaitan, talks during an interview at his office in Jakarta, Indonesia, October 24, 2022. Register now for FREE unlimited access to Reuters.com RegisterIndonesia is the world's biggest exporter of thermal coal, palm oil, refined tin and a major seller of nickel-based steel, copper, rubber and other resources. The government banned exports of nickel ore in 2020 in a move that has attracted investment in processing facilities - a strategy officials refer to as "resource downstreaming". Maybe by 2024, I think we can reach $300 billion or more," Luhut told Reuters. The European Union has complained to the World Trade Organization about Indonesia's nickel ore export ban and a dispute panel is due to announce a report this quarter.
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