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proposes regulatory changes to promote nickel-based batteries amid global LFP shift ","indonesia-proposes-regulatory-changes-to-promote-nickel-based-batteries-amid-global-lfp-shift","article/indonesia-proposes-regulatory-changes-to-promote-nickel-based-batteries-amid-global-lfp-shift",{"_uid":557,"date":558,"tags":559,"editor":563,"content":573,"excerpt":665,"featured":51,"reporter":666,"_editable":670,"component":671,"seo_title":553,"categories":672,"visibility":686,"author_company":49,"featured_image":687,"seo_description":665,"author_full_name":49,"author_job_title":49,"formattedDate":692,"formattedArticleDate":693},"94291fa1-122e-4e6c-a54f-c8270bf4aa57","2025-08-20 00:00",[560],{"slug":561,"name":562},"indonesia","Indonesia",[564],{"slug":565,"name":566,"content":567},"didi-bostock","Didi Bostock",{"job_title":568,"image":569,"bio":571,"linkedin":572},"Editor - Energy Transition & Economics",{"filename":570},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":574,"content":575},"doc",[576,593,598,603,608,613,620,625,630,642,647,660],{"type":577,"attrs":578,"content":579},"paragraph",{"textAlign":49},[580,583,591],{"text":581,"type":582},"The Indonesian government is proposing what ministers have termed “regulatory tweaks” aimed at promoting the adoption of nickel-based batteries over lithium iron phosphate (LFP), in a move that aligns with the government’s broader policy to ","text",{"text":584,"type":582,"marks":585},"‘downstream’ its nickel resources ",[586],{"type":587,"attrs":588},"link",{"href":589,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://source.benchmarkminerals.com/article/what-does-the-2024-indonesia-election-mean-for-the-ev-battery-supply-chain","url",{"text":592,"type":582},"by establishing a fully-integrated domestic EV supply chain.",{"type":577,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":582},"While details of the new policy framework are yet to be confirmed, local media suggests the government is exploring regulations that could require automakers in the country to transition from LFP to nickel-based batteries and/or introduce incentives to make nickel-cobalt-manganese (NCM) cells more cost competitive with LFP. ",{"type":577,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":582},"Indonesia’s EV ambitions are facing headwinds, notably from the global battery industry’s pivot towards lower-cost, non-nickel based cells. The country has attracted an influx of (mainly Chinese) investment into its nickel processing industry since 2020, premised on the prospect of surging battery demand, but downstream investment in the battery supply chain has been slower to materialise. A string of planned investments have been cancelled in the last year due to weakening nickel prices, slowing global EV sales growth, and the resurging popularity of LFP.",{"type":577,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":582},"In April, LG Energy Solution confirmed its withdrawal in April from an $8.45 billion NCM battery project in the country, citing market conditions and a challenging investment climate.",{"type":577,"attrs":609,"content":610},{"textAlign":49},[611],{"text":612,"type":582},"By bolstering the competitiveness of NCM cells relative to LFP, the Indonesian government hopes to revive investment across its domestic battery supply chain. Expanding the country’s manufacturing base is a key pillar of President Prabowo Subianto’s plans to achieve economic growth.",{"type":614,"attrs":615,"content":617},"heading",{"level":616,"textAlign":49},4,[618],{"text":619,"type":582},"LFP dominates Southeast Asian market",{"type":577,"attrs":621,"content":622},{"textAlign":49},[623],{"text":624,"type":582},"LFP’s popularity in Southeast Asia is continuing to increase, with its share of battery demand climbing from 23% in 2022 to over 60% by 2025, according to Rho Motion’s Battery Demand Outlook Service. ",{"type":577,"attrs":626,"content":627},{"textAlign":49},[628],{"text":629,"type":582},"Indonesia has experienced a sharp rise in EV sales in 2025. In the first six months of 2025, Indonesia’s EV sales were up 169% on the same period a year before, according to the Rho Motion EV Sales Assessment. Its EV market is dominated by Chinese OEMs, with BYD, Chery, and SAIC – automakers that rely predominantly on LFP cells – holding a combined market share of 84% during the first half of 2025. ",{"type":631,"attrs":632},"blok",{"id":633,"body":634},"f7a8e53d-aac7-42c6-8874-f6b45e83b884",[635],{"id":636,"_uid":637,"type":638,"_editable":639,"component":640,"fixed_height":641,"use_fixed_height":50,"fixed_height_mobile":641,"fixed_height_tablet":641},"24743103","i-ee0205e0-a217-4d4b-886d-27cabafa0e6f","visualisation","\u003C!--#storyblok#{\"name\": \"ContentFlourish\", \"space\": \"\", \"uid\": \"i-ee0205e0-a217-4d4b-886d-27cabafa0e6f\", \"id\": \"\"}-->","ContentFlourish","",{"type":577,"attrs":643,"content":644},{"textAlign":49},[645],{"text":646,"type":582},"The Indonesia market has been a key target for many Chinese OEMs as they seek to ramp up production at local facilities. Under current rules, automakers enjoy duty-free imports if they agree to build EV manufacturing facilities in the Southeast Asian country, but are not currently required to utilise nickel-based cells in their vehicles.",{"type":577,"attrs":648,"content":649},{"textAlign":49},[650,652,658],{"text":651,"type":582},"The growth in LFP deployment is also supported by ",{"text":653,"type":582,"marks":654},"increasing battery energy storage system (BESS) deployments",[655],{"type":587,"attrs":656},{"href":657,"uuid":49,"anchor":49,"target":49,"linktype":590},"https://source.benchmarkminerals.com/article/southeast-asia-expected-to-see-uptick-in-bess-deployments-with-indonesias-new-bess-mandate",{"text":659,"type":582}," and the prevalence of two- and three-wheelers in the region.",{"type":577,"attrs":661,"content":662},{"textAlign":49},[663],{"text":664,"type":582},"Despite its abundant nickel resources, Indonesia has yet to translate its vast nickel resources into a comprehensive domestic NCM battery supply chain. The country is host to just one operational battery gigafactory producing NCM cells, with two pipeline facilities slated to produce LFP, according to Benchmark data.","The Indonesian government is proposing what ministers have termed “regulatory tweaks” aimed at promoting the adoption of nickel-based batteries over lithium iron phosphate (LFP), in a move that aligns with the government’s broader policy to ‘downstream’ its nickel resources by establishing a fully-integrated domestic EV supply chain. While details of the new policy framework are […]",[667],{"slug":565,"name":566,"content":668},{"job_title":568,"image":669,"bio":571,"linkedin":572},{"filename":570},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"94291fa1-122e-4e6c-a54f-c8270bf4aa57\", \"id\": \"\"}-->","article",[673,676,678,681,684],{"slug":674,"name":675},"batteries","Batteries",{"slug":677,"name":299},"cathode",{"slug":679,"name":680},"critical-minerals","Critical Minerals",{"slug":682,"name":683},"ev","EV",{"slug":685,"name":150},"nickel","private",{"id":49,"alt":688,"name":641,"focus":641,"title":688,"source":641,"filename":689,"copyright":641,"fieldtype":690,"meta_data":691,"is_external_url":51},"Indonesia flag.","https://a.storyblok.com/f/287943243085208/0bb3f48db1/bm-indonesiaflag.jpg","asset",{"alt":688,"title":688,"source":641,"copyright":641},"Aug 20, 2025","20th August 2025",[],[],1792773884818]