The government had prepared incentives for business players interested in building electric car factories in Indonesia.
Jakarta (ANTARA) - A memorandum of understanding (MoU) on the standardization of batteries of electric motorbikes will be signed in the second quarter (Q2) of 2024, Industry Minister Agus Gumiwang Kartasasmita stated.

"We will try to ink the MoU in the second quarter of this year," he remarked after participating in the opening ceremony of the Indonesia International Motor Show (IIMS) 2024 in Jakarta on Thursday.

He noted that the Ministry of Industry would resort to a tripartite scheme in determining standards for electric motorcycle batteries by collaborating with state-owned electricity firm PT PLN and relevant business actors.

"Hence, we will establish a tripartite channel consisting of the Industry Ministry, PLN, and business players to talk about the standardization of batteries (of electric motorcycles)," he pointed out.

Kartasasmita further revealed that his ministry had devised a concept for battery standardization that would soon be made public.

In addition to formulating regulations concerning the standardization of electric motorbike batteries, he said, the Industry Ministry is planning to standardize batteries of electric cars in a bid to ensure the optimal performance of Indonesia's eco-friendly vehicle ecosystem.

"I think there is no harm in setting standards for batteries of electric cars as well," he remarked.

Earlier, Kartasasmita stated that the government had prepared incentives for business players interested in building electric car factories in Indonesia.

He noted that Indonesia is currently home to electric car factories of four foreign automotive companies, namely Wuling, DFSK, Hyundai, and Chery. However, he deemed the production capacity of the factories as rather low.

Hence, to this end, the government has been striving to attract investors to build more electric car factories to help Indonesia achieve the target of market absorption of eco-friendly vehicles and compete at the international level.

"We have prepared incentives, so that Indonesia's competitiveness will be on par with Thailand's," he remarked.

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Translator: Ahmad M, Tegar Nurfitra
Editor: Arie Novarina
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