January 23, 2021

Indonesia to create firm to build up electric vehicle battery industry

FILE PHOTO: A worker poses with a handful of nickel ore at the nickel mining factory of PT Vale Tbk, near Sorowako, Indonesia, January 8, 2014. REUTERS/Yusuf Ahmad

JAKARTA (Reuters) – A group of Indonesian state-owned companies will form a venture to make batteries to power electric vehicles, the Mining Industry Indonesia (MIND ID) chief executive said on Tuesday.

Indonesia, the world’s biggest producer of nickel ore, a key component of EV batteries, wants to build an integrated EV industry that will eventually include building the vehicles.

The new venture, called Indonesia Battery Holding, would be formed by state miners MIND ID and Aneka Tambang (ANTAM), state utility Perusahan Listrik Negara (PLN) and state oil company Pertamina, MIND ID Chief Executive Orias Petrus Moedak said.

“We are preparing a concrete cooperation plan, so that the nickel utilisation project can start immediately, to produce batteries,” he told a webinar.

The company

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Indonesia to Create Firm to Build up Electric Vehicle Battery Industry | Technology News

JAKARTA (Reuters) – A group of Indonesian state-owned companies will form a venture to make batteries to power electric vehicles, the Mining Industry Indonesia (MIND ID) chief executive said on Tuesday.

Indonesia, the world’s biggest producer of nickel ore, a key component of EV batteries, wants to build an integrated EV industry that will eventually include building the vehicles.

The new venture, called Indonesia Battery Holding, would be formed by state miners MIND ID and Aneka Tambang (ANTAM), state utility Perusahan Listrik Negara (PLN) and state oil company Pertamina, MIND ID Chief Executive Orias Petrus Moedak said.

“We are preparing a concrete cooperation plan, so that the nickel utilisation project can start immediately, to produce batteries,” he told a webinar.

The company would help build an industry that aimed to cover everything from producing chemicals and minerals for batteries to making the units themselves, as well as recycling old batteries,

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Manheim Logistics and DHL Supply Chain Form Exclusive Collaboration to Create More Efficient Transportation Experience for Clients and Carriers

Between its Ready Logistics and Central Dispatch brands, Manheim Logistics facilitates approximately 10 million vehicle moves each year.  As Lead Logistics Provider, DHL Supply Chain will apply its logistics engineering expertise and advanced technology to create unmatched capabilities and further establish Manheim Logistics as the transportation partner of choice for dealers, commercial clients and carriers.

“The combination of our shared cultural values, vision for the future of automotive logistics, and complementary areas of expertise made DHL Supply Chain the perfect partner in our drive to simplify logistics for our clients,” said Joe Kichler, vice president of Manheim Logistics. “Together, we can create capabilities that historically haven’t been possible in the automotive space and substantially improve our quality, on time delivery, vehicle tracking and more.”

Based on client feedback, Manheim Logistics laid out a bold strategy for the future, and this collaboration is designed to provide clients with the technology

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car

Thank Tesla for helping create the growing EV market

  • 17-year-old Tesla has become the dominant electric carmaker in the world because it took on huge risks. But it’s now reaping equally huge rewards.
  • With the global EV market poised for growth, automakers are salivating over new sales, and they have Tesla to thank.
  • Tesla still faces considerable risks, but it has validated Elon Musk’s vision. In Q3, the company delivered 139,300 vehicles, putting it on a pace to sell more than 450,000 in 2020.
  • Visit Business Insider’s homepage for more stories.

 

Take the risk, reap the reward — that’s what Tesla is now experiencing, as its market capitalization has surged to nearly $400 billion in 2020, making it the world’s most highly-valued automaker.

To borrow some of Tesla’s lingo, the risk was insane, the reward ludicrous. But it’s not the only one enjoying the benefits. 

A decade ago, no major automaker was going to bet on a non-existent electric-vehicle

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