Indonesia has played a key role in global markets as a bulk materials supplier, but President Joko Widodo has pledged to eventually stop exports of all raw commodities to turn the country into a major manufacturing hub for electric transportation.
Gov't expects $25bn in investments related to 34 projects currently in advanced exploration, as the deadline to restructure billions in debt to the IMF looms.
According to IDTechEx, electrification is inevitable as is the EV industry’s focus on environmentally friendlier materials and supply chains, and safer products.