Indonesia is actively seeking $121 billion in foreign investment to establish a comprehensive electric vehicle (EV) battery ecosystem within its borders. This initiative aims to bolster the nation’s role in the global battery supply chain, capitalizing on its rich natural resources. The investment would cover the entire battery manufacturing process, from raw material processing to battery production and recycling. Jakarta views this as a strategic move to add value to its mineral wealth and become a key player in the rapidly growing EV market. The country hopes to attract investors interested in participating in this burgeoning industry. This push aligns with global efforts to transition towards sustainable transportation and reduce reliance on fossil fuels. The Indonesian government believes this investment will create jobs and stimulate economic growth.