JAKARTA - PT Indika Energy Tbk. (Indika Energy) cooperates in developing a sustainable new energy ecosystem in Indonesia through investment in the electric vehicle industry, electric batteries, and various supporting industries. The Memorandum of Understanding (MoU) was signed on January 21, 2022 by Indika Energy, PT Industri Baterai Indonesia (IBC), Hon Hai Precision Industry Co. Ltd. (Foxconn), and Gogoro Inc. (Gogoro). This collaboration is carried out through the Build – Operate – Localize (BOL) scheme in Indonesia.
The BOL scheme is carried out in three stages, namely building, operating and localizing, with the aim of increasing the capacity of Indonesia's industry in the electric battery industry, the electric vehicle industry, and its supporting industries. Indika Energy together with IBC, Foxconn, and Gogoro will explore a broad investment collaboration for a comprehensive electric vehicle (EV) ecosystem in Indonesia, from manufacturing electric batteries (including battery cells, battery modules, and batteries), to industrial development. 4 wheel EV, 2 EV and electric bus (E-Bus). The scope of cooperation also includes the development of EV supporting industries which include energy storage systems (ESS), battery exchange or swap stations, recycled batteries, as well as research and development (R&D) in the field of electric batteries and EVs.
"Foxconn and Gogoro's investment will not only bring capital, but will also bring technology and knowledge so that the Indonesian automotive industry will be able to transform from an old and traditional automotive supply chain system to a modern open access electric vehicle (EV) ecosystem, such as the Android operating system on smartphones," said Minister Bahlil.
Indika Energy's move to enter the electric motorcycle ecosystem is a business diversification effort that will help achieve the company's target to increase the share of revenue from the non-coal sector by 50% by 2025. (LM)