Heboh Tesla & nickel stocks, this is the challenge for electric cars in Indonesia

Jakarta, CNBC Indonesia – Although currently electric cars include Tesla Inc. is on the rise globally, but it seems that Indonesia is still facing challenges to bring these electric vehicles en masse. One of them, the price of electric cars is still quite expensive compared to the purchasing power of the people of the country.

“For Indonesia itself, this is still a challenge, because the term we see that the price of electric cars is still quite expensive compared to the purchasing power of the Indonesian people,” said CEO of Sucor Sekuritas, Bernadus Wijaya in CNBC Indonesia’s InvestTime show, Thursday (18/3/2021) .

This statement is in the context of discussing shares of nickel mining companies that are affected by Tesla’s positive sentiment. A number of nickel shares in question include PT Vale Indonesia Tbk (INCO), PT Aneka Tambang Tbk (ANTM), PT Timah Tbk (TINS), and PT Harum Energy Tbk (HRUM).

For now, according to him, the target for electric cars is not yet in developing countries like Indonesia. However, it is more for use in a number of developed countries such as the United States and China.

In these developed countries, Bernadus said that people’s purchasing power is quite large compared to other countries.

“The use of electric cars for countries such as the United States, China and other countries is ready or the people’s purchasing power is quite large compared to other countries,” he said.

Even so, developed countries have other problems with these electric vehicles. The need for electricity will increase, one of which is the policy of US President Joe Biden which focuses on clean energy and of course the use of electric cars.

With the increasing demand, it is certain that there will be an increase in demand for nickel and tin, which are the raw materials for electric cars. This is where Indonesia will benefit a lot.

Indonesia as a nickel and tin production country will benefit greatly. Moreover, Indonesia has just established holding company battery “” said Bernadus.

He added that when other countries need to supply nickel batteries to Indonesia, they must ask for it through the company.

“So that we can see that the potential is extraordinary and the government’s seriousness about nickel production is large enough to supply it electric vehicle. Thumbs up, “he said.

Some time ago Tesla boss Elon Musk uploaded a tweet planning to replace nickel into iron (iron) in his electric car products. However, according to Bernadus, this is not a problem.

Because changing infrastructure from nickel to iron is not something easy. In the future there will be more companies producing electric cars and need nickel as raw material.

“Surely there are many other electric vehicle companies such as Hyundai, Nio and even Toyota that will produce electric cars in the future. Certainly need nickel as the raw material for the electric vehicles,” explained Bernardus.

Regarding battery holding, the Ministry of State-Owned Enterprises (BUMN) has previously stated that the government is forming the Indonesia Battery Holding (IBH) to manage the integrated battery industry from upstream to downstream.

The holding company, which consists of four state-owned companies, including MIND ID or PT Inalum (Persero), PT Aneka Tambang Tbk, PT Pertamina (Persero), and PT PLN (Persero) is targeted to be formed in Semester 1 2021.

[Gambas:Video CNBC]

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