The Indonesian government said it was negotiating with United States carmaker Tesla amid reports that both parties were getting closer to an agreement to build production facilities in Indonesia. Coordinating Maritime and Investment Affairs Minister Luhut Pandjaitan told Reuters on Thursday that negotiations between the two parties are “still ongoing”. VIEW ARTICLE #trade #globaltrade #fdi #investment #economy #economicdevelopment #policy #government #foreigninvestment #asia
Intra-Asian trade and investments continue to be key as the Government of China pledges USD22 billion for projects in the Philippines The Government of the Philippines has secured around USD22 billion worth of investment pledges from the Government of China for upcoming projects in the country. Out of the total, around USD13.80 billion has been pledged for investments in the energy sectors, including solar and wind energy and off-grid power supply systems. Other investments w
Investors are pouring in capital, but little new mining capacity is coming online, By Alex Irwin-Hunt, FDI Intelligence While the energy transition has created an exuberance of investment into the manufacturing of battery and electric vehicles (EVs), investment into critical minerals mining has struggled to keep up. In the first three quarters of 2022, foreign investors announced greenfield battery and EV manufacturing projects worth more than $63bn, according to the latest d
The global electric vehicle (EV) battery market is expected to grow from $17 billion to more than $95 billion between 2019 and 2028. With increasing demand to decarbonize the transportation sector, companies producing the batteries that power EVs have seen substantial momentum. Here we update our previous graphic of the top 10 EV battery manufacturers, bringing you the world’s biggest battery manufacturers in 2022. Chinese Dominance Despite efforts from the United States and
An intense competitive battle is starting to take shape in Southeast Asia's electric vehicle (EV) market between incumbent Japanese automakers and new entrants from China, Korea, and domestic players in the region. With a population of about 675 million, this is a prize worth fighting over. Annual passenger vehicle sales in the region are expected to more than double by 2040 to about five million as the population and these economies grow. Today, affordable cars from Japanese
Samsung SDI Co Ltd said the South Korean company on Thursday (July 21) held a ceremony to mark the groundbreaking for its 1.7 trillion won (about RM5.8 billion) second cylindrical battery production facility (Plant 2) in Seremban, Negeri Sembilan to meet the rising demand for cylindrical batteries, which will be used in applications including electrical tools and electric vehicles (EVs). "Company held a ground-breaking ceremony of Plant 2 in Malaysia on July 21 with a plan to
The industry generates record FDI as it offers alternative to new batteries’ bottlenecks The battery recycling market generated its highest level of foreign direct investment (FDI) in 2021 as automotive companies look for alternatives to an otherwise very saturated market for electric vehicles' (EVs) batteries. Battery recycling companies announced seven FDI projects worth $637m in 2021, from four projects worth $69.4m in the previous year, according to figures from foreign i
The number of gigafactories in the pipeline has surpassed 300 as the global rush to develop lithium ion battery production capacity continues. There is now 6,387.6 gigawatt hours (GWh) of lithium ion battery capacity in the pipeline as assessed in Benchmark’s May 2022 Gigafactory Assessment, a 68% year-on-year increase. China continues to dominate gigafactory announcements, but North America and Europe have seen significant growth over the past two years thanks in part to aut
With China controlling the supply chains for many critical minerals this has now become a matter of policy concern for major economies given the vulnerability of supply chains through protectionism and control of the mining and associated processes to drive industry 4.0 and advanced manufacturing industries associated with economic growth. The American green economy will rely on renewable sources of energy like wind and solar, along with the electrification of transportation.
Gigafactories are an increasingly important driver of FDI, but attracting this investment requires a varied mix of incentives. Another excellent article by Jon Whiteaker, Investment Monitor hot on the heels of Vietnams EV Unicorn Vinfast announcing a $2Billion Dollar gigafactory investment in N. Carolina The competition for gigafactory investment is only set to increase, with global capacity predicted to be 10 times its 2020 level by 2030, according to research by GlobalData.
The country’s lithium-ion battery capacity will be twice as big as the rest of the world’s by 2031 In the Chinese county of Fuding, the world’s largest battery maker CATL is building its most ambitious gigafactory to date. The vast battery plant has a planned annual production capacity of 120 gigawatt hours (GWh) — enough to power around 1.2 million electric vehicles (EVs) when fully utilised. By comparison, the plant is more than three times the size of Tesla and Panasonic’s