JAKARTA (Nov 13): Indonesia's state-owned electric vehicle (EV) company is focusing on the more than 115 million motorcycles roaming the country's roads as it presses ahead with efforts to reduce emissions. To get started, Indonesia Battery Corp (IBC) plans to produce 50,000 battery packs for two-wheelers next year, president director Toto Nugroho said in an interview on the sidelines of the BloombergNEF Summit on Saturday. IBC was formed in 2021 to realise Indonesian President Joko Widodo's ambition to have an end-to-end EV supply chain — from nickel ores to locally made electric cars. Only 21,000 motorbikes in Indonesia are electric, which means many of their riders have to contend with higher fuel costs. "We want to make sure the battery we produce here will not be dependent on imported minerals like lithium, graphite, and cobalt," Nugroho said.

Source: The Edge Markets November 13, 2022 12:48 UTC