00:00This factory has the newest technology adapted in this factory and in the near future the
00:24material comes from Indonesia, make a battery cell in Indonesia, make an electric vehicle
00:30in Indonesia.
00:31This is why the ecosystem in Indonesia is very important in this factory.
00:36Bright outlook, bright outlook.
00:39It's getting bigger and bigger, the electric vehicle market.
00:42And then in Southeast Asia, this is the first and only cell manufacturing.
00:51And the Indonesian government, this factory and ecosystem is very important in Indonesia's
01:00future.
01:01It is a goal that should be appreciated, but then the country also needs to be realistic
01:05in understanding where it needs to go.
01:07What happened in Indonesia for the last five to ten years shows us that just by having
01:11a nickel production doesn't mean we can rule the entire supply chain of electric vehicles.
01:16Right now we produce about half of global nickel production, but you only have about
01:190.4% of the battery production capacity.
01:23So this tells us that today we're competing with many countries.
01:26Today we have seen there has been a lot of negative coverage on Indonesia's nickel products
01:32because oftentimes there's a lot of compromises in environmental, social and governance standards.
01:37So this means that moving forward, if Indonesia wants to be relevant in the global value chain,
01:42it needs to raise the standards, otherwise it will be left out.
01:45And keep in mind that there's a lot of other competitors as well.
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