SWOT analysis (strengths, weaknesses, opportunities, threats) of nickel to reach global electric battery market in Indonesia

Abstract

In 2025, it is projected that global sales of battery-based electric cars (electric vehicle [EV]) will reach 145 million units, exceeding those of fuel vehicle-based cars (internal combustion engine [ICE]), so that in the future the demand for electric batteries (EBs) will be even greater. In managing the large nickel resources as raw material for electric vehicle batteries, new policies, and breakthroughs are needed so Indonesian electric vehicle batteries have high competitiveness in facing the global market. This study aims to analyse the condition of the electric vehicle battery industry sector in the global competitive arena, which consists of 14 countries with the world’s largest nickel resources and reserves. The results of the analysis show that, first, it is necessary to master technology and utilise qualified and professional human resources. Second, increasing the availability of supporting infrastructure for the establishment of electric vehicle battery factories, as well as improving the quality of electric vehicle batteries so that they are highly competitive to seize global market opportunities. The analysis can be used as input for the government to improve the competitiveness of electric vehicle batteries in facing the global market and the fulfilment of nickel needs for the domestic electric vehicle battery industry.