BUMN Mining Industry Holding MIND ID or Mining Industry Indonesia, which consists of PT ANTAM Tbk, PT Bukit Asam Tbk, PT Freeport Indonesia, PT Inalum (Persero), and PT Timah Tbk visited the British electric vehicle manufacturer ARRIVAL Ltd. The parties met to explore potential supply solutions, including Battery & Aluminum and also discussed design and development electric vehicle.
The meeting was attended by the Managing Director of MIND ID, Hendi Prio Santoso and the Founder & CEO of ARRIVAL, Denis Sverdlov on 20 May 2022 in the UK. The event was also attended by the Deputy Minister of SOEs Pahala Nugraha Mansury and the Indonesian Ambassador to the UK HE. Desra Believe.
This initiation is part of MIND ID's efforts to explore the development of commercial electric micro-battery factories in Indonesia and Southeast Asia. The President Director of MIND ID, Hendi Prio Santoso, said that MIND ID has three mandates from the government, namely managing reserves and strategic resources, downstreaming, and having market leadership which is realized through optimization of mineral commodities and business expansion.
"This collaboration will expand the potential for developing the company's new portfolio in the long term, especially in the field of developing the electric vehicle ecosystem in Indonesia," he said, Monday (4/7). ARRIVAL continues to improve its supply chain and develop strategic initiatives to secure the raw materials needed to meet the global demand for electric vehicles.
Using the microfactory method , ARRIVAL revolutionizes the traditional approach to vehicle production by eliminating shipping costs and maximizing added value through local product design and production. This is at the heart of the potential collaboration with MIND ID in Southeast Asia. As a shareholder of Indonesia Battery Corporation (IBC), MIND ID continues to seek new opportunities to develop the electric vehicle battery ecosystem. This is a manifestation of MIND ID's strategic plan, a potential strategic alliance for new downstream business expansion and capability development and portfolio optimization.
With this potential collaboration, it is hoped that MIND ID and Inalum Operating will have a role in the future in the ARRIVAL Aluminum Supply Chain. MIND ID together with IBC as the Global Supply Chain for Battery, welcome the opportunity to conduct research and discuss the potential for joint commercial development of electric vehicle products for developing countries that can be carried out in Indonesia.Source: https://kumparan.com/kumparanbisnis/mind-id-jajaki-aliansi-baru-untuk-pengembangan-bisnis-kendaraan-listrik-1yOg6LWGXBB/full
