Why Indonesia's EV Ambitions Mean It Will Burn More Coal
Portfolio Pulse from Matt Whittaker
Indonesia's president-elect Prabowo Subianto aims to continue building the nation's nickel industry and EV ambitions, which will likely increase coal consumption. The country is balancing its relationship with China, the largest investor in its nickel industry, and potential Western investors concerned about environmental impacts. Companies like Hyundai, General Motors, Ford, and Tesla are involved in Indonesia's EV and battery production plans.
June 06, 2024 | 12:55 pm
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NEUTRAL IMPACT
Ford Motor Co. is involved in a joint venture for a nickel processing facility in Indonesia. Increased coal consumption and potential environmental regulations could impact costs and competitiveness.
Ford's involvement in Indonesia's nickel processing ties it to the country's increasing coal consumption and potential regulatory changes, which could affect production costs and competitiveness.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
General Motors Co. is involved in a joint venture in Indonesia's nickel industry. The country's increased coal use and potential environmental regulations could impact GM's costs and market position.
GM's involvement in Indonesia's nickel industry ties it to the country's increasing coal consumption and potential regulatory changes, which could affect production costs and competitiveness.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Tesla has been pitched by Indonesia for a battery plant. The country's increased coal use and potential environmental regulations could impact Tesla's investment decisions and production costs.
Tesla's potential investment in Indonesia's battery production could be affected by the country's increasing coal consumption and potential regulatory changes, impacting production costs and investment decisions.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60