Category: Industries

Automotive Industry Update

Wuling has increasingly gained traction with its local production of Air ev. Domestic sales is now closer to its production capacity. It is a matter of when it will boost domestic production in Cikarang, West Java province, especially with the government’s plan to start providing subsidies for EV sales this year.

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Mass transportation projects update

Commercial operation of high-speed train (HST) connecting Jakarta and Bandung (West Java) plus light rail transit (LRT) in the Greater Jakarta in the coming months will likely accelerate development of mass transportation projects in other major cities of Indonesia, especially Surabaya (East Java) and Medan (North Sumatra).

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Nickel-EV Journal

Indonesian automotive industry has long been dominated by Japanese companies. Yet, we haven’t seen them in joining the country’s electric vehicle ambition. Chinese and South Koreans have been rolling out their major investments here. Sumitomo Metal Mining once announced US$1.8 billion nickel-for-EV smelter project, but pulled out last year.

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More to come from BASF 

German chemical company BASF has recently announced an investment in the capacity expansion of polymer dispersions at its production site in Merak. It aims to address the growth of new paper mills in Southeast Asia and Oceania....

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Nickel-EV Journal

Nickel has been volatile ahead of the Chinese New Year holidays. The commodity ended lower by 3% to US$26,575 per ton on the London Meal Exchange (LME) Tuesday (Jan 17). Nickel sulphate, key precursor of EV battery, has been under pressure from supply-demand balance since mid November 2022.

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The New Capital City, So Far

Over twenty contracts worth Rp25 trillion (US$1.6 billion) have been signed by the government last year, wherein most physical construction works will be seen this year. Over hundreds of companies have expressed their interest to invest there, wherein 70 have signed letter of interest.

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Toll road projects update

The Toll Road Authority (BPJT) at ministry of public works and housing expects completion of the Kramasan-Betung (69.2 KM) toll road in South Sumatra province by August 2023, which will cut significantly travel time from 3-4 hours to 1-1.5 hours. This will be one of some sections of the trans-Sumatra toll road scheduled for commercial operation this year.

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Vale & Tesla-Indonesia Talks

In May 2022, Vale SA, majority shareholder in PT Vale Indonesia Tbk (INCO), signed a long-term nickel supply deal with Tesla Inc, the world’s second largest EV manufacturer. According to the deal, Vale will supply nickel from sustainable mining operation in Canada. 

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Nickel-EV Journal

Nickel retreated to US$28,850 per ton last Friday on LME due to global economic concern and growing supply, particularly from new smelters in Indonesia. Still, this is a very profitable and attractive pricing, which might prompt the government to implement export tax on nickel pig iron (NPI) and nickel sulphate in the coming months.

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Revitalizing shrimp farming

Asian Development Bank (ADB) announced in December last year that it will provide US$93 million loans in order to support smallholder shrimp farming in seven provinces in Indonesia. The funding is for the Infrastructure Improvement for Shrimp Aquaculture Project to be implemented in Bali, Banten, Central Java, East Java, Lampung, Aceh, and South Sulawesi province. 

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Toll road projects update

President Joko ‘Jokowi’ Widodo kicked start 2023 with the inauguration of Sungai Pinang-Bangkinang toll road (30.9 KM), which is part of a toll road project connecting Riau and West Sumatra, on Wednesday (Jan 4). Commercial operation of the toll road cut travel time from 1.5 hours to 25-30 minutes only.

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