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Battery Manufacturing Ecosystem Expands to Support Electric Vehicle Growth

Battery Manufacturing Ecosystem Expands to Support Electric Vehicle Growth

Indonesia
Market Insight

Indonesia’s battery manufacturing capacity is scaling rapidly as the country leverages its nickel resources to capture greater value in the electric vehicle supply chain. ProSpace Indonesia’s EV Ecosystem Report indicates that battery production capacity will reach 35 gigawatt-hours annually by end-2025, a threefold increase from 2023.
South Korean, Chinese, and domestic companies lead development, with investment values in battery manufacturing and supporting industries totaling $12.7 billion since 2022. The Indonesia Battery Corporation’s first major facility in Central Java reached full production in March, while three additional plants are under construction.
“Indonesia is successfully implementing its strategy to move up the value chain from raw nickel exports to finished battery cells and packs,” notes Dewi Lestari, EV Industry Analyst at ProSpace. “The vertically integrated ecosystem from mining to cell production creates significant cost advantages.”
Technological focus remains primarily on nickel-based lithium-ion batteries, with research into sodium-ion and solid-state technologies advancing through university-industry partnerships. Battery recycling capacity is developing in parallel, with three facilities now operational.
Electric vehicle production within Indonesia continues to expand, with 78,000 units manufactured in 2024, more than double the previous year’s output. Domestic sales account for 59% of production, with the remainder exported primarily to Southeast Asian markets.
Challenges include ensuring environmental standards in the upstream supply chain and developing specialized workforce capabilities, issues being addressed through certification programs and targeted educational initiatives.
For EV industry insights: Phone: +62 21 5799 8989 Email: info@prospaceindonesia.com Follow @prospace.indonesia on Instagram for updates

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Climate Finance Initiatives Creating Green Investment Opportunities Across Africa

Africa
Business News

Innovative climate finance mechanisms are creating substantial green investment opportunities across Africa, mobilizing capital for projects that combine climate impact with commercial returns. These initiatives are channelling unprecedented funding into renewable energy, sustainable infrastructure, and climate-smart agriculture.
Key developments include specialized green bond programs designed for African issuers; blended finance vehicles combining concessional and commercial capital; results-based financing tied to verified carbon reductions; and climate-focused venture capital targeting early-stage innovations.
These mechanisms have mobilized over $8.5 billion in climate-aligned investments during 2024, with particularly strong flows into distributed solar, green transportation infrastructure, and resilient agricultural systems.
“Africa’s climate finance landscape has evolved significantly beyond grant funding to create genuine investment opportunities with attractive returns,” explains Dr. Kofi Mensah, Sustainable Finance Director at ProSpace Indonesia. “The most successful approaches combine climate impact with clear commercial models addressing Africa’s development priorities.”
ProSpace Indonesia provides specialized climate finance advisory services, including opportunity assessment, mechanism selection, and implementation planning.
For information on African climate finance opportunities, contact ProSpace Indonesia at +62 877 8887 7678 or email info@prospaceindonesia.com. Follow @prospace.indonesia on Instagram for insights on Africa’s evolving sustainable finance landscape.

Fintech Disruption Reshapes Indonesian Banking Landscape

Indonesia
Market Insight

Traditional banking institutions in Indonesia are facing unprecedented competition as fintech adoption rates surge across the country. A new study by ProSpace Indonesia reveals that 47% of Indonesian banking customers now use at least one fintech service regularly, up from 31% in 2023.
Digital payments lead the disruption, with peer-to-peer lending, investment platforms, and neobanks gaining significant market share. The report indicates that traditional banks could lose up to 28% of their revenue streams to fintech competitors by 2027 if they fail to adapt.
“Banks are no longer competing with other banks—they’re competing with user experience and technological innovation,” explains Fitra Widjaja, Banking Sector Analyst at ProSpace. “Institutions that embrace open banking and collaborative models with fintech players are maintaining their competitive edge.”
The central bank’s regulatory sandbox approach has enabled controlled innovation while maintaining financial stability. Meanwhile, recent regulatory changes have opened doors for virtual banking licenses, with five new digital-only banks launched in the past year.
Traditional banks are responding with digital transformation initiatives, with the top five banks allocating an average of 15% of operational budgets to technology investments this year—double the amount from 2023.
The ultimate winners may be Indonesian consumers, who now enjoy more financial options, lower fees, and improved access to credit and investment opportunities.
For more information: Phone: +62 21 5799 8989 Email: info@prospaceindonesia.com Follow @prospace.indonesia on Instagram for updates