Canberra, 20 December 2021 (TDI): Australia and Indonesia have been exploring the potential for a globally competitive electric vehicle (EV) industry under a new business development program between them.
An investigation into EV manufacturing commenced by KATALIS company has computed the opportunity for collaboration between Australia and Indonesia.
The specific cooperation can exist between Australia’s resource and green tech industries, and Indonesia’s automotive sector accordingly, the study noted.
Earlier last year, the region’s two largest economies have launched Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA). The focus on cooperation stems from IA-CEPA.
Under the Indonesia-Australia Comprehensive Economic Partnership Agreement, a new business development program is exploring potential for a 🌎 competitive electric vehicle industry driven by 🇦🇺-🇮🇩 collaboration. See DFAT’s #BusinessEnvoy for more: https://t.co/LpSzn8BlVi #IACEPA pic.twitter.com/DQUVM1FCGe
— DFAT🇦🇺 (@dfat) December 20, 2021
KATALIS Director, Paul Bartlett noted that the analysis remained successful in identifying commercial partnership opportunities. He stated that the opportunities for cooperation include minerals supply and processing.
It also includes battery and vehicle manufacturing, technology platforms, as well as charging infrastructure.
Australian Ambassador to Indonesia
While Australian Ambassador to Indonesia, Penny Williams noted the preliminary results for the EV study commissioned by KATALIS as an early demonstration of the value of bilateral economic cooperation.
Global demand and investment in electric vehicles are accelerating rapidly. She told with the commitment of IA-CEPA positioning both countries will realize significant commercial opportunities in this area.
Australia is rich in minerals and offers lithium needed to power EV batteries along with battery development expertise. While Indonesia can provide a mature car-making capability and the world’s largest reserves of nickel.
Batteries are used to hold 35 percent of the value of the vehicle. They are the most valuable component in electric vehicles accordingly. Moreover, the Indonesian government has set a 10 years to plan to support its automotive sector.
It will build an integrated EV battery industry. While KATALIS is committed to supporting the government as the initiative requires private sector partnership.
