Country: Indonesia
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Indonesia’s EV Ambition May Be Underestimating Some Challenges. Relying On China Won’t Be Enough
Indonesia is on a quest to build an end-to-end electric vehicle (EV) industry. The country is rich with nickel, an important raw material for nickel cobalt manganese (NCM)-based EV batteries. It’s a “confident middle-income” country, according to the World Bank, and it’s got a thriving automotive ...
China’s Belt & Road Checks May Get Smaller, But Indonesia Can Still Get Plenty
After complaints surrounding debt and environmental woes, China’s Belt and Road Initiative (BRI) is finally changing. At the Belt and Road Forum this week, China announced that the BRI will now be “Small but Smart”, aiming to fund smaller-sized projects that are greener. ...
Xi’s Speed Diplomacy on the Sidelines of the Belt and Road Forum
Xi Jinping’s presence at the Belt and Road Forum was dominated by his keynote address during which he announced a raft of new initiatives. However, he also engaged in speedy rounds of bilateral meetings and hosted a banquet on Tuesday night. ...
China’s Dominance of the EV Battery Metal Supply Chain
Chilean President Gabriel Boric oversaw the signing of a $233 million lithium deal on Tuesday with Chinese mining giant Tsingshan Holding Group, the latest investment that solidifies China's dominance of the fiercely contested EV battery metal supply chain.
Indonesia Targets Rail, Renewable Cooperation At Forum
Indonesia’s President Joko Widodo (nicknamed ‘Jokowi’) is one of the rare leaders at this year’s Belt and Road Forum who has already met Chinese President Xi Jinping this year. He’ll have a repeat meeting this week, which will likely focus on strengthening economic ties between the countries. ...
Southeast Asia is Testing TikTok’s Limits
ByteDance’s TikTok is learning some very valuable lessons from the past few weeks: overconfidence is bad, and a new level of creativity might be in order if it wants to keep up with Southeast Asia’s policy quirks. Charm alone is not enough in this part of the ...
Lots of People Are Confused About Indonesia’s Decision to Ban E-Commerce on TikTok. Here’s Why They Did It.
The Indonesian government last week outlawed the use of TikTok to sell goods online goods, delivering a massive blow to the Chinese social media giant in its fastest-growing market in Southeast Asia. Since the ban went into effect last Wednesday, there's ...
WEEK IN REVIEW: DRC President Félix Tshisekedi Officially Inaugurated a New Chinese-Built Dry Port
Félix Tshisekedi, the president of the DRC, officially inaugurated a new Chinese-built dry port. The Sakania dry port is on the border with Zambia and will double as a border post and a nerve center in the countries’ cross-border mining industries. Built by Jiayou International Logistics, it is ...
Backgrounder: The Fine Print of China’s No-Coal Pledge
In 2021, China’s President Xi Jinping announced that China would stop funding and building coal-fired power plants overseas. After the announcement, Chinese companies canceled about forty coal power projects. However, a similar number are still in limbo. If built, they would produce 245 ...
China Ushers in New Era of High-Speed Rail in Southeast Asia
Indonesian President Joko "Jokowi" Widodo inaugurated Southeast Asia's first-ever high-speed railway on Monday with the official opening of "Whoosh," the Chinese-backed bullet train that zips at 350kmh between the capital Jakarta and the Javan city of Bandung. The new railway opened four ...
China’s Wuling Electrifies Indonesia’s EV Market, but Can the Spark Last?
Chinese electric vehicle maker Wuling is reaping what it sowed almost eight years ago in Indonesia — the largest and most lucrative auto market in Southeast Asia. After injecting a billion U.S. dollar investment over that period, Wuling has now sold over 10,000 Air EVs and ...
West’s Delays in Financing Indonesia’s Just Energy Transition Provides New Opening for China
Indonesia decided last month to delay launching an investment plan for the $20 billion Western-sponsored climate funding, known as the Just Energy Transition Partnership (JETP). This delay shows us several things. First, the problematic nature of how our leaders are handling the issue of energy transition, and ...