JAKARTA – Establishment Indonesia Battery Holding (IBH) or Indonesia Battery Corporation (IBC) will be inaugurated by the Minister of State-Owned Enterprises (BUMN) Erick Thohir this afternoon. The plan for the inauguration will be done online.
“The Ministry of BUMN together with MIND ID, PT Pertamina, PT PLN, and PT Antam will hold a virtual press conference for the establishment of the Indonesia Battery Corporation,” wrote an official invitation from the Ministry of BUMN.
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Indonesia Battery Holding (IBH) is a state-owned consortium that will be formed to develop an integrated ecosystem for the electric vehicle battery industry from upstream to downstream.
This holding consists of Mining and Industry Indonesia or MIND ID, PT Pertamina (Persero), PT PLN (Persero), and PT Aneka Tambang (Antam) Tbk, with each share ownership of 25 percent. IBH itself will focus on the supply chain (value chain) of electric batteries.
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Regarding negotiations, MIND ID management will collaborate with two foreign corporations from China, Contemporary Amperex Technology Co. Limited (Catl) and South Korea, LG Chem.
In the early stages, Erick has formed a team to accelerate the preparation of battery EV subholding led by the President Commissioner of MIND ID Agus Tjahajana Wirakusumah. And its members consist of 4 company directors involved in the holding of the battery industry.
(fbn)
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