TechNode Global has on Monday released the firm’s findings on the electric vehicle (EV) market in Indonesia.

Indonesia is home to more than 270 million people, from which its large, homogenous consumer market has yielded its first decacorn Gojek in 2019.

“A resource and land rich country with GDP over a trillion US dollars, it is currently leveraging its strength in commodities to build a future through the globally growing EV sector,” TechNode Global wrote in the Indonesia EV Market Brief.

Indonesia has the world’s largest nickel reserve which is essential for the stainless steel and battery industry. The government has reinstated the nickel export ban to build up the local manufacturing sector.

Topics in the report include the latest development in the Indonesian EV market, findings on the electric 2-wheeler market and the electric 4-wheeler market, consumers’ preference, market entry and growth strategies, among others.

TechNode Global also anticipated several trends to play out in the EV market. To learn more about these findings, request the report here.

TechNode Global is a spin-off of TechNode, China’s leading innovation and entrepreneurship platform.

With vast industry experiences and rich resources in the innovation and technology space, TechNode Global serves as the bridge between China and the fast-growing SEA markets through our market resources, access, events and media services.

TechNode Global centers itself within the regional local communities, offering key market insights and high value connections to facilitate more interaction and cross-pollination between the region.