Indonesia plans to become one of the largest producers of lithium batteries in six years and use 811 technology four years later.

SMM7, March 2: recently, the Minister of Maritime Affairs and Investment Coordination Luhut Binsar Pandjaitan said that Indonesia has a good chance to become one of the largest producers of lithium batteries for electric vehicles. Indonesia has rich reserves of raw materials in the form of minerals, nickel and cobalt, and minerals, nickel and cobalt are key to the lithium battery industry in the next few years.

"We all have production tools that can manage natural resources to add value in the future, such as turning nickel into batteries," Luhut said. Indonesia must therefore be able to maintain a high degree of optimism in order to overcome this epidemic and make this challenge a stepping stone for us. "

He said that if the development of these raw materials is at its best, Indonesia will become a major producer of lithium batteries from 2026 to 2027. "We are working with LG and Contemporary Amperex Technology (CATL) because LG-Hyundai will create an electric vehicle ecosystem here. If all goes well in 2024, Indonesia will use the latest technology called 811 to produce lithium batteries. "

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