EV Charging infrastructure
The electric vehicle (EV) charging station arm of Vietnamese’ Vingroup, V-Green has recently signed a memorandum of understanding (MoU) with four strategic partners to deploy 63,000 VinFast EV charging ports across Indonesia with a total investment of US$300 million by the end of this year.
Honor of Kings: A New Esports Giant, An Old Threat to Local Ecosystems
The arrival of Honor of Kings (HOK) in Indonesia is more than just a mobile gaming expansion—it is a digital geopolitical maneuver wrapped in the packaging of competition and entertainment. Developed by TiMi Studio Group under Tencent, HOK entered the Indonesian market with an aggressive strategy: high-quality visuals, competitive gameplay, and a tournament system aimed at quickly dominating the Southeast Asian esports scene.
Economy in the first quarter: Construction (cement)
Budget freeze and weaker purchasing power of middle-to-low income group affected construction sector in the first quarter, which contributed to downfall of construction material industry, particularly cement. The industry moved from bad to worse.
More from Jordan Phosphate
Minister of State-owned Enterprises Erick Thohir has recently posted on his social media account a moment of when he held a meeting with Chairman of the Board of Directors of Jordan Phosphate Mines Co Plc (JPMC), Mohammad Thneibat and President Director of state-owned fertilizer producer PT Petrokimia Gresik, Dwi Satriyo Annurogo. In the meeting, they discussed the opportunities for strategic cooperation expansion in the fertilizer industry.
EV Industry Update
The Vietnamese EV manufacturer VinFast plans to open its manufacturing plan in India by June 30, which will be followed by another plant in Indonesia in October. VinFast plans to prioritize its sales in India, Indonesia, the Philippines, and Vietnam. Meanwhile, the Company has delayed the opening of its North Carolina plant until 2028.
Steel industry update
Indonesia recorded trade surplus of US$4.21 billion from iron and steel (HS72) in the first three months of 2025, lifted from US$3.49 billion in the corresponding period last year, mainly due to substantial decline in import.
LG Energy Solution’s withdrawal & the rise of LFP
MIND ID, local partner of LG Energy Solution’s US$7.7 billion nickel-to-EV battery project, claimed that withdrawal of the South Korean consortium is not a problem because it is now being offered to the United States as part of the deal to ease tariffs imposed by Trump. MIND ID, parent of Aneka Tambang (ANTM) and Vale Indonesia (INCO), two of nickel producers, provided no further details.
LG Energy Solution’s withdrawal from US$7.7 billion Indonesia battery project
South Korea’s battery manufacturer consortium that includes LG Energy Solution, LG Chem, LX International Corp, and other partners has decided to withdraw its US$7.7 billion investment to establish an electric vehicle (EV) battery supply chain in Indonesia. This is another major blow for Indonesian investment after last year’s decision from BASF and Eramet to abort US$2.8 billion nickel project.
Revisiting Batang Industropolis
Allmed Medical, a global leader in wound care and infection control firm, has recently started construction of its largest manufacturing facility at Industropolis Batang Special Economic Zone (SEZ) with a total investment of US$100 million (approximately Rp1.7 trillion).
Hyundai and the Policy Reality of Electric Vehicles
Hyundai Motor Company recently announced a major strategic shift: doubling its global hybrid vehicle lineup from 7 to 14 models. This move reflects the company’s adaptation to the realities of the market—namely, the declining global demand for battery electric vehicles (BEVs) and inconsistent regulations across various countries, including Indonesia.