The Indonesia electric vehicle (EV) battery market is experiencing substantial growth, driven by strategic investments in battery cell manufacturing and a strong foundation in nickel resources. The market, valued at USD 1.35 billion in 2025, is projected to reach USD 1.75 billion in 2026, with expectations to expand significantly by 2036. This expansion is supported by domestic EV adoption, government incentives, and increased export opportunities. Despite the promising outlook, the sector faces challenges such as investment risks, technology infrastructure, and sustainability issues, particularly regarding Indonesia's reliance on nickel and the global shift towards LFP battery chemistry. Initiatives in vertical integration from mine-to-cell and the development of electric two-wheelers further highlight opportunities within this burgeoning market.
In other market news, Zhejiang Sling Automobile Bearing (SZSE:301550) was trading firmly up 13.8% and ending trading at CN¥133.39. This week, Zhejiang Sling reported a year-over-year decrease in net income for the nine months ended September 30, 2026, despite increased sales. In the meantime, Mercedes-Benz Group (XTRA:MBG) lagged, down 3.9% to finish the session at €39.78, not far from its 52-week low. This week, the company lowered its full-year 2026 earnings guidance due to challenging market conditions in China and higher material costs expected in the fourth quarter.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Sources:
- Simply Wall St
- "Indonesia EV Battery Market Size, Share, Trends, and Industry Analysis - Forecast to 2036 | US$9.55 Billion Opportunity Fueled by Mine-to-Cell Investment, LFP Growth, and Battery Exports" from Research and Markets on GlobeNewswire (published 27 October 2026)
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