Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country's investment minister said.
Automakers are courting Indonesia for its raw materials used in producing EV batteries, which account for about 40% of a vehicle's sticker price, aiming to cut costs and close the gap on EV market leader Tesla.
The partnerships would consist of joint ventures and supply raw materials, he said in a video statement from Germany, where an Indonesian delegate led by President Joko Widodo was attending industry fair Hannover Messe and meeting representatives of companies including German chemical giant BASF, Eramet and Volkswagen.
Meanwhile, Bahlil said BASF had also expressed an interest in building a plant to produce battery materials, partnering with Eramet, in Indonesia's north Maluku province, for a total investment of about $2.6 billion.details of its investment plan with Eramet would be announced once an assessment was concluded.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Volkswagen to partner with Vale, Ford, Huayou on Indonesia EV battery ecosystem -ministerVolkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country's investment minister said.
Consulte Mais informação »
Volkswagen ID 2 unlikely to spawn EV replacement for Ford Fiesta | AutocarPopular hatchback could theoretically use VW's MEB Entry platform, but it's not immediately a priority
Consulte Mais informação »
Junkyard Gem: 1970 Volkswagen Beetle ConvertibleA 1970 Volkswagen Beetle convertible in a Nevada wrecking yard.
Consulte Mais informação »
This Modified Ford Mondeo Wagon Was Inspired By Peppa Pig | CarscoopsThis Modified Ford Mondeo Wagon Was Inspired By Peppa Pig car auto cars
Consulte Mais informação »
Rivian vs Ford: Which Electric Pickup Truck Can Go Farther?We fully charge a 2022 Rivian R1T and a 2022 Ford F-150 Lightning and drive them together on the highway to determine which electric truck can go farther.
Consulte Mais informação »
Wrecked 2006 Ford GT For Sale: A Project For Brave Buyers Or Lost Cause? | CarscoopsThe damage done to this Ford GT tells a tale that's all too familiar for Ford owners car auto cars
Consulte Mais informação »