Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Indonesia has hinted at setting up its first 10GWh Li-On battery manufacturing unit slated to be operational by 2023. 


The country’s Indonesian Battery Corp (IBC) and South Korea’s consortium-led LG group will initiate the project with an estimated total investment of $9.8bn, according to media reports from Jul 7. 


IBC and LG Group’s new facility will be located in West Java province’s Kota Deltamas industrial area, Bekasi city, spanning about 33 hectares. The estimated workforce will be 1000 and Hyundai will source the finished products for its EV line-up. 


This project is one of many as Indonesia is preparing to ramp up its EV-battery production to 140GWh in the next decade, with 50GWh exclusively for export output. 


Indonesia’s state-owned enterprises ministry had announced plans to set up a holding company in February this year which led to the creation of IBC. 


Prior to that China’s CATL had hinted at a $5bn investment for constructing a lithium battery facility to leverage Indonesia’s rich copper resources and boost Chinese EV production.








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