Indonesia is building battery capacity at speed, with a target of 50 GWh of cell production by the end of 2024 across three gigafactories. Key upstream moves are running in parallel, including IMIP expansion to add 120,000 tons of nickel sulphate capacity by Q4 2024 and Weda Bay plans for 20 GWh equivalent precursor capacity by year end. The figures show how nickel processing, precursors, and cells are aligning on the same timeline, and why that alignment matters for Indonesia’s battery race.
Key Takeaways
- Indonesia plans 50 GWh battery cell production capacity by end of 2024 across 3 gigafactories
- LG Energy Solution announced $9.8 billion investment for 10 GWh+ battery plants in Indonesia by 2024
- Indonesia battery market size projected $5.2 billion by 2025 with 25% CAGR from 2023
- Indonesia holds 21 million tons nickel reserves, 52% of global total for battery use
- In 2023, Indonesia's nickel production for battery-grade materials reached 1.62 million metric tons, accounting for 51% of global supply
Indonesia’s battery industry is growing fast, driven by rising investment and expanding domestic production.
Related reading
01 · Category
Capacity Expansion26 stats
01
Indonesia plans 50 GWh battery cell production capacity by end of 2024 across 3 gigafactories
02
PT HKML's Batam Giga 1 factory has 10 GWh annual capacity for LFP cells operational by mid-2024
03
IMIP's HPAL expansion to add 120,000 tons nickel sulphate capacity by Q4 2024
04
Weda Bay Nickel-Cobalt refinery targets 20 GWh equivalent precursor capacity by 2024 end
05
Karawang Giga factory by IBC to reach 15 GWh NMC cell capacity in 2024 Phase 1
06
PT BTRIME's second HPAL line adds 60,000 tons MHP capacity operational 2024
07
Central Java battery cluster plans 5 GWh pack assembly capacity by 2024
08
PT Nicel’s RKEF+HPAL hybrid to boost 100,000 tons battery nickel capacity 2024
09
BASF-HPPL joint venture cathode plant in Bekasi at 40,000 tons annual by 2024
10
PT CNGR's second precursor line adds 50,000 tons NCM capacity in 2024
11
Morowali SEZ total battery material capacity to hit 300,000 tons by end 2024
12
PT QMB's Obi Island HPAL Phase 2 adds 80,000 tons NiSO4 capacity 2024
13
Halmahera Tengah battery park plans 10 GWh cell capacity start 2024
14
PT Vale's Pomalaa project adds 50,000 tons HPAL capacity by 2024
15
Harita Group's Dairi Prima adds 30,000 tons precursor capacity 2024
16
Sulawesi battery ecosystem targets 200,000 tons nickel chemicals capacity 2024
17
PT Merdeka Battery Materials' HPAL in Weda Bay at 110,000 tons by 2024
18
Jawa Barat Giga 2 factory allocates 20 GWh for EV packs by 2024
19
PT Virtue Silicon's anode plant 10,000 tons capacity online 2024
20
Electrolyte gigafactory in Banten targets 20,000 tons annual by 2024
21
Separator production hub in Bekasi at 100 million sqm capacity 2024
22
Copper foil mill expansion to 20,000 tons in Morowali by 2024
23
Aluminum current collector capacity 30,000 tons planned 2024 Indonesia
24
Binder chemical plant 5,000 tons capacity start 2024 in Java
25
PT Antam's HPAL pilot adds 10,000 tons capacity 2024
26
Total national battery GWh capacity projected 140 GWh by 2030 with 30 GWh interim 2024
Interpretation
Capacity Expansion Interpretation
Indonesia is assembling its battery ecosystem like a high-stakes IKEA project, aiming for 50 GWh of cells by 2024, but if you look at the torrent of nickel sulphate, precursors, and gigafactories all sprinting toward the same finish line, the real story isn't the raw ambition—it’s whether the pieces will fit together before the global EV race leaves the showroom.
02 · Category
Investment and Partnerships26 stats
01
LG Energy Solution announced $9.8 billion investment for 10 GWh+ battery plants in Indonesia by 2024
02
Hyundai-LG HKML joint venture invests $1.1 billion in Batam Giga 1 factory operational 2024
03
Tsingshan Holding commits $5 billion to IMIP battery materials expansion through 2024
04
CATL partners with Brunp for $2 billion 20 GWh cell plant in Karawang by 2024
05
BASF invests $310 million in cathode material JV with HKML in Bekasi
06
CNGR Advanced Material $500 million for precursor plants in Morowali SEZ
07
Eramet and BASF $1.2 billion HPAL in Weda Bay for 60,000 tons Ni/Co
08
PT Indonesia Battery Corp receives $200 million gov't seed for Giga 1
09
Vale Indonesia $2 billion Pomalaa HPAL project with Ford backing
10
Harita Nickel $800 million Obi HPAL expansion with POSCO
11
Merdeka Copper Gold $1.5 billion battery materials in Weda Bay
12
QMB New Energy Materials $600 million Obi Island HPAL
13
PT BTRIME $400 million second HPAL line funding from China
14
Nicel Stainless $300 million RKEF upgrade for battery nickel
15
Virtue Dragon Nickel Cobalt $250 million MHP plant expansion
16
Antam and Jindal $1 billion HPAL in Kolaka
17
PLN and IBC $500 million for battery storage integration plants
18
Foreign direct investment in battery sector reached $15 billion committed by Q3 2023
19
Samsung SDI explores $2 billion JV for pack assembly in Indonesia
20
BYD partners local firm for $1 billion 30 GWh cell plant by 2025 start 2024
21
Total FDI inflows to nickel-battery chain $20.6 billion as of 2023
22
PT Tripatra secures $100 million EPC for multiple battery lines
23
Alfamitra Group invests $300 million in downstream battery chemicals
24
Indonesia sovereign wealth fund INA allocates $5 billion to battery ecosystem
25
Mitsubishi Corp $400 million for nickel supply chain JV
26
Total gov't incentives for battery industry exceed $3 billion tax breaks by 2023
Interpretation
Investment and Partnerships Interpretation
With announcements of over $20 billion flooding into Indonesia's nickel-rich battery ecosystem, the world is essentially pre-ordering its electric future from a nation that shrewdly decided to stop just shipping out the raw ingredients and start building the whole damn dish.
03 · Category
Market Projections and Exports27 stats
01
Indonesia battery market size projected $5.2 billion by 2025 with 25% CAGR from 2023
02
EV battery demand in Indonesia to reach 20 GWh annually by 2027
03
Nickel exports for batteries valued $15 billion in 2023
04
Domestic EV sales requiring 5 GWh batteries projected for 2025
05
Battery pack exports from Indonesia targeted $2 billion by 2025
06
ASEAN battery market share for Indonesia 15% by 2030 forecast
07
LFP battery segment to dominate 60% of Indonesian market by 2026
08
ESS battery demand 10 GWh by 2030 for grid storage Indonesia
09
Export volume of nickel sulphate to China 200,000 tons projected 2024
10
Indonesia's share in global battery supply chain 10% by 2030
11
Two-wheeler EV batteries 70% market share projection 2025 Indonesia
12
Battery import substitution rate to hit 80% by 2027 policy target
13
Revenue from battery industry $25 billion projected 2030 GDP contribution
14
Exports to Europe under CBAM compliant nickel 50,000 tons start 2024
15
Consumer battery market growth 12% CAGR to $1.5 billion by 2028
16
Industrial battery demand for mining equipment 2 GWh by 2026
17
Policy mandates 100% local batteries for gov't EVs by 2026
18
Global OEM off-take agreements secure 50 GWh sales by 2030
19
Price of battery nickel from Indonesia averaged $18,000/mt in 2023 forecast $20k 2024
20
Market cap of listed battery firms in IDX $10 billion by end 2024 proj
21
Job creation projection 100,000 direct in battery sector by 2025
22
Carbon credit revenue potential $500 million annual from green nickel 2030
23
FTA with EU boosts battery exports 30% growth projected 2025-2030
24
Digital battery trading platform launches handling $1 billion volume 2024
25
Warranty standards for local batteries set to 8 years/160,000 km by 2025
26
Refined nickel export quota set at 60% domestic use rest export 2024 policy
27
Battery recycling market $200 million by 2030 with 20% recovery rate
Interpretation
Market Projections and Exports Interpretation
Indonesia is sitting on a nickel-powered rocket ship, building a $25 billion domestic battery empire from the ground up so it can stop shipping its resources to China and start powering everything from local motorbikes to European cars.
More related reading
04 · Category
Nickel Supply Chain27 stats
01
Indonesia holds 21 million tons nickel reserves, 52% of global total for battery use
02
2023 nickel ore production was 90 million dry metric tons from 200+ mines
03
Class 1 battery-grade nickel supply from Indonesia 600,000 tons in 2023
04
Saprolite ore for HPAL processing 25 million tons mined in 2023 Sulawesi
05
Limonite ore feedstock for RKEF smelters 40 million tons processed 2023
06
PT Antam produced 80,000 tons nickel ore for battery chain in 2023
07
Vale Halmahera mined 17 million tons ore with 1.4% Ni grade average 2023
08
Harita Nickel Obi operations extracted 22 million tons saprolite 2023
09
PT ICBP mined 15 million tons high-grade limonite for HPAL 2023
10
Cobalt co-production from nickel laterites 2,500 tons in 2023 Indonesia
11
Manganese ore supply for LFP batteries 1 million tons local 2023
12
Graphite imports substituted by 50,000 tons synthetic production trial 2023
13
Lithium carbonate imports for cathodes 10,000 tons despite local exploration
14
Copper raw material for foils 20,000 tons processed locally 2023
15
Supply chain localization rate for battery materials reached 60% in 2023
16
Weda Bay mine supplies 15 million tons ore annually to refinery chain
17
IMIP consumes 30 million tons ore for its smelters and HPAL 2023
18
Export ban on raw ore boosted domestic processing to 75 million tons 2023
19
Laterite nickel resource base 5.2 billion tons in Indonesia
20
HPAL feedstock quality improved to 1.3% Ni average in 2023 plants
21
Cobalt hydroxide intermediate supply 3,000 tons from Morowali 2023
22
SCM integration score for nickel-battery chain 85% by major players 2023
23
Local content requirement met at 40% for battery materials 2023
24
PT Merdeka's HPAL secured 20 million tons ore reserve supply
25
Recycling pilot recovers 500 tons nickel from spent batteries 2023
26
Logistics cost for nickel ore reduced 20% via new rail to port 2023
27
Traceability system covers 90% of battery nickel supply chain 2023
Interpretation
Nickel Supply Chain Interpretation
Indonesia has masterfully transformed its staggering nickel wealth into a nearly self-sufficient battery empire, but the real alchemy lies in its relentless drive to capture every last drop of value from mountain to megawatt.
05 · Category
Production Statistics30 stats
01
In 2023, Indonesia's nickel production for battery-grade materials reached 1.62 million metric tons, accounting for 51% of global supply
02
PT Indonesia Morowali Industrial Park produced 120,000 tons of battery-grade nickel sulphate in 2023 from its HPAL facilities
03
Karawang New Industry City battery precursor plant achieved 50,000 tons annual output of NCM precursors in Q4 2023
04
Indonesia's overall battery cell production hit 2.4 GWh in 2023, primarily LFP cells from pilot lines
05
PT HKML Battery Indonesia commenced production of 5 GWh LFP pouch cells in 2023 at its Batam plant
06
Annual output of nickel matte for battery supply from IMIP reached 300,000 tons in 2023
07
PT BTRIME's HPAL plant in Morowali produced 30,000 tons of MHP for cathode materials in 2023
08
Indonesia exported 450,000 tons of battery-grade nickel products in 2023, up 25% YoY
09
PT Nicel Stainless Steel's RKEF smelter supplied 200,000 tons of NPI convertible to battery nickel in 2023
10
Battery chemical production at Weda Bay Industrial Park hit 40,000 tons of nickel sulphate equivalent in 2023
11
Indonesia's first cathode active material plant by BASF in Bekasi produced 10,000 tons trial run in late 2023
12
PT Indonesia Battery Corporation's pilot line outputted 500 MWh of LFP cells in 2023
13
Morowali Industrial Park's total battery precursor capacity utilization reached 75% in 2023 producing 80,000 tons
14
PT CNGR Advanced Material's precursor plant in Indonesia output 25,000 tons NCM523 in 2023
15
Nickel pig iron production for battery feedstock in Sulawesi was 1.1 million tons in 2023
16
PT QMB New Energy's HPAL facility produced 15,000 tons battery-grade nickel in Q3 2023
17
Indonesia's graphite anode material trial production reached 2,000 tons in 2023 at experimental plants
18
Electrolyte solution production for EV batteries started at 1,000 tons capacity in 2023 by local firms
19
Separator film output for lithium batteries was 500,000 sqm in 2023 from imported lines localized
20
PT Tripatra's module assembly for batteries produced 100,000 units of 50Ah modules in 2023
21
Copper foil production for anodes reached 5,000 tons in 2023 at new Indonesian lines
22
Aluminum foil for cathodes output was 8,000 tons from local rolling mills in 2023
23
Binder materials for electrodes produced 1,500 tons domestically in 2023
24
PT Vale Indonesia supplied 50,000 tons of nickel concentrate for battery chain in 2023
25
Harita Nickel’s Obi plant produced 60,000 tons class 1 nickel for batteries in 2023
26
PT Virtue Dragon Nickel Cobalt produced 20,000 tons MHP in 2023
27
Indonesia's pyrometallurgical nickel for batteries output grew to 900,000 tons in 2023
28
Hydrometallurgical battery nickel production was 200,000 tons across 5 plants in 2023
29
Cathode foil processing capacity utilized 70% producing 12,000 tons in 2023
30
Anode material synthesis trial yielded 3,000 tons graphite-silicon blend in 2023
Interpretation
Production Statistics Interpretation
Indonesia is hastily constructing a battery empire from nickel upwards, and while the world is just starting to tune in, the production lines are already humming with a "just try and stop us" sort of energy.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Priyanka Sharma. (2026, February 13). Indonesia Battery Industry Statistics. Gitnux. https://gitnux.org/indonesia-battery-industry-statistics
MLA
Priyanka Sharma. "Indonesia Battery Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/indonesia-battery-industry-statistics.
Chicago
Priyanka Sharma. 2026. "Indonesia Battery Industry Statistics." Gitnux. https://gitnux.org/indonesia-battery-industry-statistics.
Sources & references
75 datasets cited across this report · attribution is report-level