JAKARTA, Jan. 13 (Xinhua) -- Indonesia will begin making batteries for electric vehicles in the first half of 2024.
Chinese firm CATL and South Korean firm LG will launch production first, and other foreign firms investing in Indonesia will follow.
"These electric vehicle batteries are targeted to meet international and domestic market needs," Investment Minister Bahlil Lahadalia summarized the outcomes of a meeting on the electric vehicle ecosystem with President Joko Widodo on Friday.
To increase domestic sales, the government is now developing a regulation that will provide incentives for purchasing electric vehicles.
Lahadalia added that Indonesia would soon restrict the development of smelters that do not concentrate on green energy and green industries. ■