EVE Energy Advances EV Battery Supply Chain Development in Indonesia through Strategic Alliance

EVE Energy has revealed a pivotal expansion of its operational footprint in Southeast Asia’s battery sector. The company’s associate, HYD Investment Limited, has formalized a partnership accord with two major Indonesian entities—PT Aneka Tambang Tbk (ANTAM) and PT Industri Baterai Indonesia (IBC)—signaling a coordinated push to establish an integrated supply chain infrastructure for electric vehicle batteries in Indonesia.

Partnership Framework Unites Key Players in Battery Ecosystem

The newly established framework combines the capabilities of three distinct stakeholders. ANTAM, Indonesia’s premier mining conglomerate, will supply essential mineral resources through its subsidiary operations. IBC brings manufacturing and industrial battery production expertise, while HYD Investment Limited contributes capital and operational coordination. This collaborative structure reflects a deliberate strategy to consolidate resources and expertise across the battery value chain.

The agreement represents more than a transactional arrangement—it establishes the foundation for a comprehensive supply chain that connects raw material extraction to battery component manufacturing. By pooling the resources and operational strengths of each party, the partnership creates economies of scale and reduces supply chain fragmentation that has historically challenged Indonesia’s battery sector development.

Building Integrated Supply Chain for Domestic EV Battery Production

Indonesia’s position as a major nickel producer positions it strategically for battery material sourcing. This partnership operationalizes that advantage by creating a vertically integrated supply chain within the country. The framework agreement enables consistent mineral supply flows from ANTAM’s reserves, direct manufacturing coordination through IBC’s production capabilities, and operational oversight by HYD Investment Limited.

The initiative addresses a critical gap in Indonesia’s EV battery ecosystem—the absence of domestically coordinated supply chain infrastructure. Rather than relying on fragmented imports or external supply arrangements, this partnership establishes a localized supply chain model. For EVE Energy, the arrangement secures reliable material access in an increasingly competitive global battery market while supporting the broader development of Indonesia’s battery manufacturing sector.