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Former coal, now electric motorcycle, which company is the champion?

Jakarta, CNBC Indonesia – The coal business is still profitable. Moreover, although it always fluctuates, the price always tends to be high. nonetheless, slowly this business began to give up. Criminals are now even more interested in the electric car business.

At least two coal mining companies are starting to expand into the electric vehicle sector, namely PT TBS Energi Utama Tbk (TOBA) and PT Indika Energy Tbk (INDY). Both of them have great ambitions to become leaders in this relatively new industry in Indonesia.

Expansion of TOBA in sectors electric car marked by the formation of a joint venture with GoTo Group, namely Electrum. In less than a year, Electrum has brought various business maneuvers through collaboration.

The first is with Gojek. In February of this year, Electrum and Gojek launched the GoRide Electric program as part of a trial period before the electric motorcycles actually go into mass production.

Electrum and Gojek are not alone, in this collaboration there was also an electric scooter manufacturing company from Taiwan Gogoro and a local electric motorcycle manufacturer, a subsidiary of PT Wijaya Karya Tbk (WIKA) Gesits. Both of them became partners in this pilot project by providing the electric motorcycle.

The collaboration also involves an energy company, namely PT Pertamina, which provides infrastructure for battery exchange.

Apart from TOBA, INDY is also making business moves in the electric vehicle sector. At the GIIAS 2022 event, INDY showcased its electric motorcycle product called Alva One. INDY is seriously working on this business through PT Electra Mobilitas Indonesia (EMI).

This electric motorcycle manufacturer owned by INDY aims to be completed in November 2022 and will have a production capacity of up to 100 thousand units per year.

INDY’s move to enter the electric car business is in line with its long-term business plan. Since 2018, INDY has diversified into non-coal, low-carbon and sustainable sectors. INDY is committed to increasing revenue from the non-coal sector by 50% by 2025 and achieving carbon neutrality by 2050.

Many people consider that the electric car industry is a promising industry of the future. It is true that Indonesia is the biggest market for two-wheelers in Southeast Asia. nonetheless, in the case of electric motors, the penetration rate is still low.

The adoption of electric motorcycles is still minimal among the public due to several things ranging from affordability, availability of infrastructure to practical aspects. At least it is in these three main areas that electric vehicle players, especially two-wheelers, will fight.

[Gambas:Video CNBC]

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