{"id":314079,"date":"2025-05-22T08:01:54","date_gmt":"2025-05-22T01:01:54","guid":{"rendered":"https:\/\/setkab.go.id\/?p=314079"},"modified":"2025-05-23T14:03:26","modified_gmt":"2025-05-23T07:03:26","slug":"president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/","title":{"rendered":"President Prabowo Leads Limited Meeting on EV Battery Downstream Project"},"content":{"rendered":"<div id=\"attachment_314080\" style=\"width: 1035px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-314080\" class=\"size-full wp-image-314080\" src=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1.jpeg\" alt=\"\" width=\"1025\" height=\"684\" srcset=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1.jpeg 1025w, https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1-300x200.jpeg 300w, https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1-768x512.jpeg 768w, https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1-600x400.jpeg 600w, https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1-689x460.jpeg 689w, https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1-345x230.jpeg 345w\" sizes=\"auto, (max-width: 1025px) 100vw, 1025px\" \/><p id=\"caption-attachment-314080\" class=\"wp-caption-text\">President Prabowo Subianto leads a limited meeting with several ministers of the Red and White Cabinet at the Merdeka Palace, Jakarta, Thursday (05\/22). (Photo by: BPMI of Presidential Secretariat)<\/p><\/div>\n<p>President Prabowo Subianto chaired a limited meeting with several ministers of the Red and White Cabinet at the Merdeka Palace, Jakarta, Thursday (05\/22) to discuss the continuation of the electric vehicle battery downstream project.<\/p>\n<p>The discussion focused particularly on the investment transition from the LG consortium to Huayou, as well as the progress of a similar project with CATL.<\/p>\n<p>Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia explained that the President has approved the continuation of the battery downstream project worth US$9.8 billion, which was previously managed by LG and is now being continued by Huayou.<\/p>\n<p>\u201c<em>Alhamdulillah<\/em>, it has been decided and approved by the President. Following the President\u2019s directive, the project is now being continued by the Huayou consortium. There are no more issues, and the groundbreaking is ready to proceed,\u201d Bahlil said to the media after the meeting.<\/p>\n<p>He also conveyed that the project\u2019s ownership structure put Indonesian State-Owned Enterprises (BUMN) as the majority shareholders in the upstream sector, while emphasizing that the narrative regarding LG\u2019s exit from the project is incorrect.<\/p>\n<p>\u201cI want to clarify that this is not true. The fact is that I, as the Task Force Chairman at that time, decided to cancel LG\u2019s involvement due to prolonged delays. Then, together with Mr. Rosan and Mr. Erick, we held meetings to find a replacement, which turned out to be Huayou. This is the fact,\u201d Bahlil explained.<\/p>\n<p>The meeting also reviewed the progress of the cooperation project with the Chinese battery company CATL. Minister of Investment and Downstream\/Head of BKPM and Danantara, Rosan Roeslani, highlighted the importance of Danantara\u2019s involvement to strengthen Indonesia\u2019s position in the project.<\/p>\n<p>\u201cIn the past, there may have been funding challenges. But since Danantara\u2019s involvement, we have been assisting the funding because we see this project as very promising. It offers good returns, creates jobs, and has significant economic impact for Indonesia\u2019s future,\u201d Rosan said.<\/p>\n<p>Through the involvement of two giant consortium\u2014Huayou and CATL\u2014who will manage the ecosystem from mining to battery production, the Government expects Indonesia can fully control the value chain of the electric vehicle industry.<\/p>\n<p>\u201cSo, the whole ecosystem from mining to battery production will take place within Indonesia, we call it green package\u2014a single ecosystem involving both the agreements with Huayou and CATL,\u201d Rosan remarked. <strong>(BPMI) (EST\/LW)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Prabowo Subianto chaired a limited meeting with several ministers of the Red and White Cabinet at the Merdeka Palace, Jakarta, Thursday (05\/22) to discuss the continuation of the electric vehicle battery downstream project. The discussion focused particularly on the investment transition from the LG consortium to Huayou, as well as the progress of a [&hellip;]<\/p>\n","protected":false},"author":85,"featured_media":314080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-314079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v26.1.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>President Prabowo Leads Limited Meeting on EV Battery Downstream Project - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Prabowo Leads Limited Meeting on EV Battery Downstream Project - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"President Prabowo Subianto chaired a limited meeting with several ministers of the Red and White Cabinet at the Merdeka Palace, Jakarta, Thursday (05\/22) to discuss the continuation of the electric vehicle battery downstream project. The discussion focused particularly on the investment transition from the LG consortium to Huayou, as well as the progress of a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/id-id.facebook.com\/Setkabgoid\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-22T01:01:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-23T07:03:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1025\" \/>\n\t<meta property=\"og:image:height\" content=\"684\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; Translation\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@setkabgoid\" \/>\n<meta name=\"twitter:site\" content=\"@setkabgoid\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; Translation\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/\"},\"author\":{\"name\":\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; Translation\",\"@id\":\"https:\/\/setkab.go.id\/#\/schema\/person\/abefde2f1726c320405b1761ba004e68\"},\"headline\":\"President Prabowo Leads Limited Meeting on EV Battery Downstream Project\",\"datePublished\":\"2025-05-22T01:01:54+00:00\",\"dateModified\":\"2025-05-23T07:03:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/\"},\"wordCount\":439,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/setkab.go.id\/#organization\"},\"image\":{\"@id\":\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1.jpeg\",\"articleSection\":[\"News\"],\"inLanguage\":\"ENH\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/\",\"url\":\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/\",\"name\":\"President Prabowo Leads Limited Meeting on EV Battery Downstream Project - Sekretariat Kabinet Republik Indonesia\",\"isPartOf\":{\"@id\":\"https:\/\/setkab.go.id\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1.jpeg\",\"datePublished\":\"2025-05-22T01:01:54+00:00\",\"dateModified\":\"2025-05-23T07:03:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/#breadcrumb\"},\"inLanguage\":\"ENH\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ENH\",\"@id\":\"https:\/\/setkab.go.id\/en\/president-prabowo-leads-limited-meeting-on-ev-battery-downstream-project\/#primaryimage\",\"url\":\"https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1.jpeg\",\"contentUrl\":\"https:\/\/setkab.go.id\/wp-content\/uploads\/2025\/05\/IMG_2598-1.jpeg\",\"width\":1025,\"height\":684,\"caption\":\"President Prabowo Subianto leads a limited meeting with several ministers of the Red and White Cabinet at the Merdeka Palace, Jakarta, Thursday (05\/22). 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