VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Minister of State-Owned Enterprises (SOE) Erick Thohir is delivering speech.

Indonesia has seriously started to develop the electric battery industry for motorbikes and cars. Indonesia is considered to have abundant resources to realize the target of becoming a major player at the global level in this electric battery industry.

State-Owned Enterprises (SOE) Minister Erick Thohir said the partnership between Indonesia Battery Corporation (IBC) and two of the world's electric battery players, CATL and LG Chem, would provide benefits for Indonesia.

Erick conveyed that BUMNs that are members of the IBC will be involved in the entire process of developing the electric battery industry from upstream to downstream, in accordance with the agreement with CATL and LG Chem.

"We hope there will be a transfer of technology, because the agreement is not only about electric batteries for cars but also about electricity for motorbikes," said Erick during a press conference for the establishment of the Indonesia Battery Corporation (IBC) in Jakarta, Friday (26/3).

Erick assessed that the potential for electric batteries for motorbikes is very large for Indonesia, which is known as one of the largest wheeled vehicle markets in the world.

In addition to electric batteries for cars and motorbikes, Erick continued, the cooperation agreement also regulates the development of stabilizer batteries which are important in new renewable energy or future electrical power needs.

Erick from the beginning encouraged Pertamina and PLN, which are the biggest domestic energy giants, to join IBC and MIND ID//Republika