Will US-China rivalry undermine Indonesia’s EV battery hub dreams amid tussle over green subsidies?

Will US-China rivalry undermine Indonesia’s EV battery hub dreams amid tussle over green subsidies?

Nickel is a key component in producing EV batteries, but Chinese companies hold a dominant position in Indonesia’s nickel sector

EVs with battery components manufactured by ‘a foreign entity of concern’ are ineligible for tax credits under the US Inflation Reduction Act