Prabowo attends groundbreaking of CATL automotive battery project
President Prabowo attended yesterday the groundbreaking ceremony of the integrated electric vehicle battery industry ecosystem project built by the ANTAM-IBC-CBL consortium in Karawang Regency, West Java Province, and delivered a speech. He emphasized that developing the new energy industry is a strategic step to achieve national energy independence and resilience, proudly announcing the official launch of the project. The project involves Indonesia's state-owned mining company PT Aneka Tambang Tbk (ANTAM), Indonesia Battery Corporation (IBC), and Chinese enterprises CATL, Brunp, and Lygend.
Chinese-funded enterprise initiates construction of Indonesia photovoltaic module manufacturing project
Chinese Smart Electric Motorcycle Plans to Launch in Indonesia Next Year
XPeng's First Overseas Local Production Project to Launch in Indonesia in July
Indonesia's Coal Exports to China and India Decline
Prabowo to Attend Groundbreaking Ceremony for CATL Project
President Prabowo plans to officiate the groundbreaking ceremony for an integrated electric vehicle battery project in East Halmahera, North Maluku Province, on June 29. The project is backed by investment from China's Contemporary Amperex Technology Co., Limited (CATL), with a total investment of approximately US$6 billion. The facility will integrate multiple stages including mining operations, smelters, High-Pressure Acid Leach (HPAL) processing, and precursor and cathode production. The Minister of Energy and Mineral Resources has called it the first project of its scale globally. Through an integrated system, the production cost of electric vehicle batteries in Indonesia is expected to be significantly reduced. This project is one of 18 downstream industrial projects
Indonesia and Russia Reach Multi-Sector Cooperative Ties
President Prabowo recently held a bilateral meeting with Russian President Putin in St. Petersburg, Russia, marking a key part of his official visit to Russia and attendance at the 2025 St. Petersburg International Economic Forum. Prabowo thanked Russia for supporting Indonesia's accession as a full member of BRICS, emphasizing close interactions between the two heads of state and high-level officials, as well as positive progress in economic, trade, and strategic cooperation, particularly under the framework of the Eurasian Free Trade Agreement. Putin noted that Russia-Indonesia relations continue to develop steadily in areas such as trade, agriculture, space exploration, energy, and military-technical cooperation, and considers Indonesia as a
Indonesian Government Predicts Car Sales of Only 832,000 Units This Year
The Deputy Director for Infrastructure and Regional Development Coordination predicts that car sales in Indonesia in 2025 will only reach 832,000 units, below the target of 900,000 units set by the Indonesian Automotive Industry Association. This figure is based on historical sales trends for four-wheeled vehicles and above over the first five months of the past two years, combined with seasonal industry factors. Despite the overall weak automotive market, electric vehicles are showing growth. It is projected that sales of Battery Electric Vehicles (BEV) will surge from 43,000 units in 2024 to 126,000 units in 2025, while Hybrid Electric Vehicles (HEV) will increase from 57,000 to 71,000 units, with traditional internal combustion
Latest Land Price Levels in Different Areas of Jakarta
The Deputy Director of the Research and Consulting Division of PT Leads Property Services Indonesia recently disclosed land prices in different areas of Jakarta. The Sudirman Central Business District (SCBD) has the highest land prices, reaching IDR 200-300 million per square meter (equivalent to approximately RMB 88,000-132,000 per square meter), with actual transaction prices fluctuating due to negotiations. Land prices in areas surrounding Sudirman are approximately IDR 180-200 million per square meter (equivalent to about RMB 79,000-88,000 per square meter). The upscale residential area of Menteng (near the business district)
Approximately 90% of Industrial Land in Indonesia Remains Undeveloped
Approximately 90% of planned industrial land in Indonesia remains undeveloped, presenting enormous investment potential. On Sumatra Island, the total industrial land area is about 185,400 hectares, with only 13,000 hectares (around 7%) being utilized. On Java Island, the total industrial land area is approximately 350,500 hectares, with only 34,000 hectares utilized. However, the Activity and Land Use Suitability Permit (KKPR) is incomplete, the integration of Regional Spatial Plans (RDTR) with the Online Single Submission System (OSS) is slow, and there are obstacles in the land acquisition and release process. The government aims to integrate 2,000 RDTRs into the OSS system by 2025; as of mid-2025, only 367 integrations have been completed, with the rest still undergoing synchronization and digitization processes.
Indonesian Industry Unhappy Over Government's Termination of Anti-Dumping Duties on Chinese Yarn
Indonesia has decided to stop imposing anti-dumping duties on imports of synthetic filament yarn from China, a decision stemming from a recently leaked internal document from the Ministry of Trade recommending not to extend the anti-dumping duties on related products. This decision has faced strong opposition from domestic textile industry players, who argue that the government did not follow legal procedures in handling the recommendations of the Indonesian Anti-Dumping Committee. According to trade laws, the government is obligated to take anti-dumping measures against imported products sold below normal prices that harm domestic industries. The committee has determined that Chinese synthetic filament yarn constitutes dumping and recommended imposing duties, but the government did not adopt this recommendation, causing discontent among textile industry players who feel betrayed by the policy.
Chery Battery Tested in Jakarta Seawater Immersion for Nearly 54 Hours Without Anomalies
Chery Tiggo 8 CSH car battery underwent seawater immersion testing at PIK 2 Beach in Jakarta, with the battery actually immersed for 53 hours and 51 minutes, exceeding the planned 48 hours. After immersion, the battery was reinstalled in the vehicle and operated normally; technician inspections showed no significant impact. The test aims to verify the durability and safety of the battery system. Previously, this battery had completed extreme challenges in China including spiral rollover, two-vehicle collision, and seven-vehicle stacking pressure test (over 48 hours). The corrosiveness and conductivity of seawater far exceed ordinary rainwater, easily accelerating metal corrosion and insulation degradation. Traditional