Indonesia Battery Corporation

What Indonesia Battery Corporation does

Indonesia Battery Corporation (PT Industri Baterai Indonesia, "IBC") is a Jakarta-headquartered state-owned enterprise established to build a domestic electric-vehicle battery industry anchored on Indonesia's nickel reserves. It is owned jointly by four major Indonesian SOEs — Antam (mining), INALUM/MIND ID (smelting), Pertamina (energy), and PLN (electricity) — under the Danantara Indonesia sovereign investment authority, giving the company integrated upstream access to nickel and aluminium feedstock alongside national energy and capital backing.

IBC's core product is lithium-ion battery cells based on NMC 622 and NMC 811 cathode chemistry, manufactured through a joint venture, PT CATIB, with Chinese partner CBL that provides technology transfer and process know-how. Its flagship asset is the 6.9 GWh annual-capacity EV battery facility in Karawang, West Java, budgeted at approximately Rp7 trillion (~USD 430 million) and targeted for commercial operation in Q3 2026; the site is co-developed with on-site solar generation and is also positioned to supply Energy Storage Systems (ESS) for grid and commercial buyers.

The business model is pre-revenue and infrastructure-led: IBC is constructing cell-manufacturing capacity that will supply Indonesian and regional EV manufacturers and ESS customers, monetizing cells under B2B supply contracts once the Karawang plant is operational. Go-to-market depends on offtake relationships with EV OEMs and storage integrators, with internal raw-material economics from Antam and INALUM intended to support a cost-competitive position relative to imported cells.

Name

Indonesia Battery Corporation

Legal name

PT Industri Baterai Indonesia

Website

https://indonesiabatterycorp.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Indonesia Battery Corporation is a Jakarta-based state-owned enterprise developing a 6.9 GWh lithium-ion (NMC) EV battery and energy storage cell manufacturing facility in Karawang, West Java, leveraging national nickel reserves and partnerships with CBL.

Ownership category

akta.pro rank

Product category

EV Battery Manufacturing

NAICS

Battery Manufacturing (335910), Electrical Equipment Manufacturing (3353)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electrical Industrial Apparatus (3620)

akta.pro primary industry

Battery Cell Manufacturing (EV) (IMACACAB)

akta.pro secondary industries

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE)

Keywords

• EV battery manufacturing
• Lithium-ion batteries
• Energy storage systems
• Battery cell production
• Nickel-based cathodes

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations

Revenue model

1. EV Battery Manufacturing: Manufacturing and sale of electric vehicle batteries and Energy Storage Systems (ESS) for domestic and global markets

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Indonesia Battery Corporation (PT Industri Baterai Indonesia) is a state-owned enterprise that manufactures lithium-ion electric vehicle (EV) batteries and Energy Storage Systems (ESS). It produces NMC 622 and NMC 811 battery types using nickel-based cathodes at an integrated facility in Karawang, West Java, with a planned annual capacity of 6.9 GWh.

Product overview

Indonesia Battery Corporation (PT Industri Baterai Indonesia) is a state-owned enterprise engaged in the Battery Electric Vehicle (BEV) and Electric Vehicle (EV) ecosystem. The company operates as an integrated EV battery manufacturer, producing EV batteries (6.9 GWh annual capacity from its Karawang facility) and Energy Storage Systems (ESS) as part of its core product portfolio. The company is positioned as a key player in Indonesia's ambition to become a global electric vehicle battery producer, leveraging the country's rich mineral resources for upstream-to-downstream integration.

Differentiator

Problem solved

Functional benefit

Products and services

• EV Battery Production (6.9 GWh) Large-scale production of lithium-ion electric vehicle batteries (NMC 622 and NMC 811 types with nickel-based cathodes) at 6.9 GWh annual capacity from the Karawang facility, targeting EV manufacturers and the domestic EV ecosystem.
• Energy Storage Systems (ESS) Energy Storage Systems produced alongside EV batteries at the Karawang facility, supporting renewable energy integration and grid stability for energy storage providers and utility-scale customers.

Quantifiable outcome

• 6.9 GWh annual battery production capacity
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core.

• PT CATIB (CBL Battery Indonesia)coreStrategic or Co-development Partner · 1 January 2026Joint venture partnership with China's CBL (Cenergistic Battery) under the Integrated EV Battery Industry Ecosystem. The collaboration involves the construction of a large-scale EV battery facility in Karawang, West Java, representing approximately Rp7 trillion investment.
• PT ANTAM Tbk (Aneka Tambang)coreStrategic or Co-development PartnerState-owned mining company and major shareholder providing upstream access to nickel and other mineral resources. ANTAM holds >20% of Indonesia's nickel reserves and is the #1 producer of copper, gold, and tin.
• PT PLN (Perusahaan Listrik Negara)coreStrategic or Co-development PartnerNational electricity company and shareholder providing power infrastructure and distribution network. PLN has 100% market distribution across Indonesia.
• PT PertaminacoreStrategic or Co-development PartnerNational oil company and Fortune 175 enterprise. As shareholder, provides distribution network expertise with >7,000 gas stations nationwide.
• PT INALUM (Indonesia Asahan Aluminium)coreStrategic or Co-development PartnerState-owned aluminum producer and shareholder providing aluminum supply chain capabilities.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Contemporary Amperex Technology Co., Limited (CATL): CATL is the world's largest lithium-ion EV battery cell manufacturer, producing NMC and LFP cells for global automotive OEMs. It is a broad incumbent that IBC will compete against on cost, chemistry, and scale as Indonesia targets domestic cell production.
• SK On: SK On is a major Korean NMC battery cell manufacturer with gigafactories supplying global automakers. It serves a comparable customer base (EV OEMs) using overlapping NMC chemistry and is a direct competitor for OEM contracts IBC would pursue.
• BYD: BYD is both a major EV automaker and one of the world's largest cell producers, integrated from minerals to vehicles. It is comparable to IBC in pursuing a mineral-to-cell-to-EV strategy and competing in NMC/LFP chemistries.
• Samsung SDI: Samsung SDI is a leading NMC-based EV battery maker supplying premium automotive customers globally. It is comparable to IBC as a high-energy-density cell producer targeting similar EV OEMs.
• LG Energy Solution: LG Energy Solution is a top-3 global EV battery cell supplier, with NMC and increasingly LFP capacity serving major automotive OEMs in North America, Europe, and Asia. It is comparable to IBC as a vertically-integrated cell maker pursuing similar end markets.

Direct peers

• Northvolt: Northvolt is a Swedish lithium-ion cell manufacturer building large-scale NMC capacity for EVs in Europe with strong sustainability positioning. It is comparable to IBC as a newer entrant pursuing gigafactory-scale EV cell production with government and industrial backing.
• SVOLT Energy Technology: SVOLT is a Chinese battery cell manufacturer producing NMC and cobalt-free cells for EVs and ESS, with European gigafactory plans. It is a comparable emerging player to IBC in chasing overseas OEMs and gigafactory-scale NMC capacity.
• EVE Energy: EVE Energy is a Chinese battery manufacturer producing cells for EVs and ESS across NMC and LFP chemistries with significant global manufacturing footprint. It is comparable to IBC across both product sets (EV cells + ESS) using similar lithium-ion chemistries.
• Gotion High-Tech: Gotion High-Tech is a Chinese lithium-ion cell manufacturer with significant LFP and NMC capacity and a strategic VW partnership, building overseas gigafactories. It is comparable to IBC as a fast-scaling cell manufacturer expanding into Southeast Asia and Europe.
• CALB (China Aviation Lithium Battery): CALB is a leading Chinese EV battery cell producer with NMC and LFP capacity supplying domestic and international EV OEMs. It is comparable to IBC as a state-aligned (in part) cell manufacturer targeting scale expansion in lithium-ion chemistries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ev_batteryindo
• Facebookfacebook.com/ev.batteryindonesia
• LinkedInlinkedin.com/company/indonesiabatterycorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Indonesia Battery Corporation