Investor Presentaiton
Infrastructure
Indonesia Electric Vehicle Outlook 2023
1.2 kWh
47.3%
Battery standardization could improve SPBKLU
utilization rate, as it is still mainly utilized by
commercial users
• E2W users have 3 options to recharge their batteries; home charging, destination
charging or battery swap at SPBKLU. SPBKLU is more suitable for intensive users
who do not have the time to charge the battery, such as ride-hailing or logistic
drivers. On the other hand, private users with shorter travel distances could
charge at home or at their destination, i.e. office. The growth of SPBKLU does not
really affect their charging behavior, although it helps alleviate their range anxiety.
• The number of SPBKLUS in 2022 has increased by five-fold compared to the
previous year. From the investment point of view, each unit of SPBKLU costs much
lower than SPKLU. Most of the SPBKLUS are owned by E2W brands, especially
those that work with ride-hailing companies. They own up to 700 SPBKLUS with
a total of 180 thousand swaps over 1.5 years, an average of 330 swaps per day or
1 swap every 2 days per station. This is far below the expected utilization of 100
swaps per day per station (ADB, 2022).
•
Although its number is growing significantly, each SPBKLU can only be utilized
by a specific E2W model, because the battery capacity and size are designed
for a specific model/brand. Battery standardization could be imposed to reduce
the need for SPBKLU overextension and increase SPBKLU utilization rate. With
standardized batteries, any E2W model could swap its battery at any swapping
station.
• Currently, battery swapping stations could focus on 1.2 kWh and 1.44 kWh
batteries, as these capacities are used by most E2Ws. In the future, battery
specifications, such as size and electrical configuration, should be standardized
to allow interchangeability across brands. However, the government needs to
increase the battery standardization performance from time-to-time to raise the
E2W performance standard.
Units
8,000
6,000
SPBKLU target and implementation
5,200
4,000
4,000
2,000
Source: IESR 2021, MEMR 2022
1.56 kWh
1.4%
>2 kWh
1.1%
<1.1 kWh
4.2%
1.248 kWh
2.6%
1.68 kWh
8.5%
1.4 kWh
32.6%
6,400
+530%
+1,600%
153
9
966
2020
2021
2022
Implementation
Target
Battery capacity distribution based on E2W type
Source: MoT (2022), IESR analysis
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