Electrifying the Future: Indonesia's Push for Battery Industry and Collaborative Efforts with Australia
Missing a train is only painful if you run after it! This quote by Nassim Nicholas Taleb, author of "The Black Swan: The Impact of the Highly Improbable," perfectly captures the urgency for Indonesia's battery industry, which is a critical turning point in its development. Indonesia, the world's largest nickel producer, is seeking to capitalize on the global demand for electric vehicle batteries by establishing a domestic battery industry. With the shift towards renewable energy, the need for electric vehicles is expected to increase rapidly in the coming years, creating an opportunity for Indonesia to play a significant role in the global electric vehicle supply chain. Taking advantage of its membership in the Regional Comprehensive Economic Partnership (RCEP) that includes ASEAN countries plus Australia, China, New Zealand, Japan, and South Korea, Indonesia can open doors to significant opportunities to connect with global market chains. This advantage is furthe