ASIATODAY.ID, TOKYO – PT Toyota Motor Manufacturing Indonesia (TMMIN) revealed plans to invest in batteries in Indonesia.
The reason is, Toyota Motor Co. will collaborate with Contemporary Amperex Technology Co. Ltd (CATL).
TMMIN Deputy President Director Bob Azam said that Toyota Indonesia is always open to collaboration in strengthening the electric vehicle ecosystem.
“We are open to collaborating with any party, including CATL, because we cannot develop this vehicle alone,” he said on the sidelines of the Japan Mobility Show 2023, Wednesday (25/10/2023).
Bob added that localization is important in the development of electric vehicles, but to achieve that a market must be formed first. Incentives from the government are also needed.
“It will take time to achieve that, because the price of electric cars is still expensive,” he said.
Previously, Toyota Motor Co. reveals plans for developing a battery ecosystem in Indonesia. This automotive principal from Japan will collaborate with Contemporary Amperex Technology Co. Ltd (CATL).
This was conveyed directly by the President & Executive Chief Engineer of Toyota Daihatsu Engineering & Manufacturing Co. Ltd. Yoshiki Konishi. It is said that the Toyota Group will collaborate with CATL. The collaboration is to produce batteries for the automotive industry.
“We will collaborate with CATL which has built a battery industry, we will supply not just Toyota,” he said when meeting media in Tokyo, on Tuesday (24/10/2023).
So far, Toyota, through Toyota Motor Manufacturing Indonesia, has battery assembly facilities at the Karawang II Factory.
The battery assembly facility serves the needs of the Yaris Cross Hybrid and Innova Zenix Hybrid models. CATL is currently the largest battery manufacturer from China.
In Indonesia, CATL through its group Ningbo Contemporary Bunp Lygend Co. Ltd (CBL) has an investment commitment with a consortium of State-Owned Enterprises (BUMN), namely the Indonesia Battery Corporation (IBC).
CBL will collaborate in a consortium of battery manufacturers under the project name “Dragon”. CBL’s investment commitment reaches US$ 6 billion, starting from mining businesses, smelters, production of cathode precursors, battery cells to battery packs.
This CATL affiliate shares ownership with Aneka Tambang (Antam) and IBC. The target for construction of CBL/CATL’s own production facilities is to start in the first quarter of 2025, for the RKEF and HPAL refining facilities, while the new production facilities will start in 2026.
Several CATL battery ecosystem locations are spread across several mining areas. The RKEF and HPAL refining locations are planned to be located in Antam’s Feni area, East Halmahera. Meanwhile, battery production is in Tanah Kuning, North Kalimantan. (AT Network)
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