Will US-China rivalry undermine Indonesia’s EV battery hub dreams amid tussle over green subsidies?
Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.
Nickel is a key component in producing EV batteries, but Chinese companies hold a dominant position in Indonesia’s nickel sector – making products sourced from the country ineligible for tax credits under the US Inflation Reduction Act.