JAKARTA, Nov 7, 2022 – (ACN Newswire) – PT PLN (Persero) today outlined its focus on providing infrastructure to accelerate Indonesia's electric vehicle ecosystem, aimed to reduce the carbon emission on transportation.

Minister of State-Owned Enterprises (BUMN) Erick Thohir said the government is fully committed to develop the electric vehicle ecosystem, mainly after President Joko Widodo released Presidential Regulation Number 55 of 2019 on the Acceleration of the Battery Electric Vehicle Program for Road Transportation.

For this reason, the Ministry of State-Owned Enterprises (BUMN) is in full support by assigning a number of SOEs, including PLN, to accelerate the electric vehicle ecosystem in Indonesia. "We all should keep national energy security in appropriate condition, which at this time we import 1.5 million barrels per day for fuel-oil based (BBM) or the equivalent of Rp 200 trillion per year. Electric vehicles are the solution to reduce the foreign exchange abroad," he said.

Minister Thohir explained that the transition of electric vehicles has many benefits, both for the economy and the environment. This is in line with the national goal to continue to encourage sustainable economic development. "Electric vehicles are more eco-friendly transportation. The emissions produced are lower than fuel-oil based vehicles, so it will reduce air pollution as well as noise pollution," said Minister Thohir.

Moving quickly, the Ministry of SOEs has also assigned a number of SOEs, including PLN, to collaborate on accelerating the electric vehicle ecosystem in Indonesia. President Director of PLN Darmawan Prasodjo stated that PLN is ready to support the acceleration of the electric vehicle ecosystem from upstream to downstream. Besides securing power supply for charging electric vehicles, PLN has also prepared supporting infrastructure and services to facilitate users towards switching to electric vehicles.

Currently, PLN has developed 150 units of Public Electric Vehicle Charging Stations (SPKLU) spread over 120 locations. PLN plans to expand 110 units more of SPKLU in 2022. Darmawan said that PLN is pleased to welcome business entities to collaborate in partnerships to provide SPKLU. A new scheme for the provision of SPKLU is the Partnership Investor Own Investor Operate (IO2) in which the Partner prepares investment funds according to the type of SPKLU service, land provision and operation and maintenance. "PLN also cooperates with state-owned banks or Himbara for EV banking service products, car installments and the SPKLU franchise," he said.

In addition, for electric motor vehicles, PLN has also provided a General Electric Vehicle Battery Exchange Station (SPBKLU). Currently there are 16 units installed in Jakarta, and 2 units in Surabaya. In 2022, it is planned that 70 SPBKLU units will be expanded with a total of about 300 batteries and locations spread across Java and Bali.

"Considering the experience of electric vehicle users, charging is mostly done at home when the vehicle is not in use. Usually at night. For this reason, PLN has also collaborated with ATPM or electric vehicle distributors," he said.

Through this collaboration, PLN customers who purchase electric vehicles will immediately be assisted with the installation of home charging and discounts fee on new installation for electric vehicles, namely the 'Super EVeryday' promo. "PLN also provides a 30 percent discount fee for use from home charging electricity from 22.00 WIB to 05.00 WIB," he said.

Electric vehicle users are also facilitated, Darmawan said, by Electric Vehicle Digital Services (EVDS). The EVDS is a platform for complete electric vehicle services. "EVDS will improve customer experience by digitizing and integrating all customer service systems for users or potential users of electric vehicles," he explained.

PLN is also actively collaborating with other SOEs institutions to scale up an end-to-end EV Battery supply chain through the Indonesia Battery Corporation (IBC). Darmawan explained, the potential for nickel in Indonesia will be able to support the acceleration of EV in Indonesia, because the battery component is the most expensive component in an electric vehicle.

Therefore, PLN has joined the IBC, a consortium of 4 SOEs, which consists of PLN, Antam, Pertamina and Mind ID, that will engage the mining and energy sectors. "In 2022, PLN will increase the fund up to IDR 513 billion to IBC to develop the battery industry," said Darmawan.

Source: PT. Perusahaan Listrik Negara (Persero)

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JAKARTA, Nov 2, 2022 – (ACN Newswire) – PT PLN (Persero) committed to achieve net zero emission in 2060. To date, several positive achievements has been taken as an effort to support clean energy.

President Director PLN Darmawan Prasodjo explained, PLN has launched a CFPP (PLTU) retirement roadmap of 6.7 Gigawatt (GW), which consists of 3.2 GW natural retirement based on the economic life of Coal Fired Power Plant and 3.5 GW conditional early retirement in 2040.

In addition to early retirement, PLN has decreased the capacity of CFPP at Corporate plan (RUPTL) from 27 GW to 13.9 GW.

"Us, in PLN committed to support government's program to actualized clean energy. By that, PLN takes a quick step." said Darmawan on Energy Transition Day in Nusa Dua, Bali on Tuesday (1/11).

One of PLN's efforts to decrease coal usage on its power plant is to implement biomass co-firing. This scheme has been implemented at 33 coal fired power plants since 2021, which have successfully reduced 656 kton CO2 emission (as of September 2022).

Co-firing scheme with hydrogen and ammonia are also in process of implementation. Currently there are 3 pilot project of co-firing hydrogen and ammonia with 3 different partnerships.

PLN is also looking to study the possibility of impelementing Carbon Capture and Storage (CCS) to enable emission abatemement in thermal power plants. In this development, PLN collaborate with 3 partners namely: Institut Teknologi Bandung (ITB), Inpex and Medco Energi.

PLN also accelerate the new and renewable (NRE) power plant development. In the RUPTL 2021-2030, PLN has planned an additional NRE capacity of 20.9 GW – equal to 51.6 percent of total new power plant capacity.

To increase system efficiency, PLN is developing Smart Grid technology. This system will increase efficiency in the power generation, transmission and distribution, hence reducing emission through digitalization in every PLN business process line.

Furthermore, PLN alao enables stakeholder to decarbonize their Scope 2 emissions through Green Energy as-a-service offering, which consists of Green Energy dedicated from specific renewables plant as well as Renewable Energy Certificate (REC). Since 2021, PLN has delivered ~1.5 TWh of green energy to +230 stakeholders such as SOEs, Government, Business, and Industry players.

Moreover, PLN continues to develop the electric vehicle (EV) ecosystem to allow decarbonization of the transport sector. PLN has developed 240 Public Charging Stations (SPKLU) nationally. PLN has also onboarded 15 partners into PLN's EV ecosystem, ready to collaborate in accelerating the charging infrastructure expansion.

"The hard work that PLN doing today is not solely for this generation, but also for our grandchild's generation. Therefore, PLN invites all parties to collaborate in this energy transition." Said Darmawan.

About PLN

PT PLN (Persero) is a state-owned electricity company that continues to commit and innovate to carry out a great mission to illuminate and move the country. Having a vision to become a leading power company in Southeast Asia, PLN is moving to be the customer's number 1 choice for Energy Solutions. PLN carries the Transformation agenda with the aspirations of Green, Lean, Innovative, and Customer Focused to bring electricity for a Better Life. PLN can be contacted through the PLN Mobile application available on the PlayStore or AppStore. https://web.pln.co.id/

Contact:
Gregorius Adi Trianto
Executive Vice President of Corporate Communications and TJSL PLN
TEL: 021 7261122

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Oct 6, 2022 – (ACN Newswire) – On October 6, CALB Co., Ltd. ("CALB" or the "Company"; stock code: 3931.HK) was officially listed on the Hong Kong Stock Exchange. The number of H Shares of the Company under the Global Offering is 265,845,300, with issue price HK$38/share and proceeds HK$ 9,863.9 million (prior to the exercise of the Over-allotment Option). The successful listing of CALB has also made it the first enterprise of power battery in Hong Kong, representing the strong positive energy of China's new energy industry.

Well-recognised investment value with leading edge product portfolio

Recently because of the impact of multiple factors, Hong Kong stocks continue to be lukewarm. But the company still received the attention and support of many investors which include upstream and downstream of the industrial chain and long-term investors, and the company successfully completed the stock pricing process. At the same time, the IPO of the company is one of the largest public offering in Hong Kong stock exchange this year. In the current difficult capital market, the successful pricing of such a large IPO is a huge success which also reflect the company's long-term investment value.

Meanwhile, the Company has entered into cornerstone investment agreements with 15 cornerstone investors, including Tianqi Lithium HK Co., Limited, Wang Sing International Resources Limited, Han's Laser Technology Co., Limited, CNGR Hong Kong Material Science & Technology Co., Limited, XPeng Inc., vivo Mobile Communication Co., Ltd*, Jiangmen New Energy, etc. The cornerstone investors subscribed for 149,331,400 offer shares in total, representing a total of approximately 8.43% of the issued share capital of the Company immediately following the completion of the share offering and a total of approximately 56.17% of the total number of offer shares under the share offering. This indicates that institutional investors have fully recognised the investment value of CALB.

According to public information, CALB is a leading new energy technology company, mainly engaged in the design, research and development, production and sales of power batteries and energy storage system products. In the first quarter of 2022, CALB ranked fifth among global third-party power battery companies and second in China in terms of installed capacity.

Since its establishment, CALB has paid great attention to the technological innovation of products, and has been the leader of innovation and technology in the industry. It is a power battery enterprise with all-round independent research and development capabilities that can independently complete the production of power batteries. Its outstanding innovation capability enables the Company to develop a series of innovative core technologies and products, including high-voltage ternary battery, "magazine" battery, and "One-stop" product, which have leading advantages in energy density, safety and economy, and have been successfully installed on numerous new energy hot-selling vehicles and widely recognised by new energy vehicle manufacturers.

Relying on its strong innovation capability and strong technical strength, CALB has carried out in-depth cooperation with Changan, GAC, Geely, Dongfeng and other enterprises, and currently supports 28 car companies with more than 70 models, including GAC Aion, Changan New Energy, XPeng, Geely, SGMW, FAW Hongqi, Dongfeng, Dongfeng Peugeot, Chery, Guangzhou Toyota, Guangzhou Honda, Leapmotor, HYCAN, Smart and other traditional car companies and new car manufacturers, further consolidating its position in the industry.

The share price is expected to take off with huge development potential for industry

At present, driven by carbon peak emissions and carbon neutrality goal and green economic transformation, the development of renewable energy is of great significance, and new energy has become an important field for countries to compete and invest in, becoming the main battlefield of the new energy revolution.

The implementation of the "double carbon" campaign and the coordinated promotion of green, low-carbon and high-quality development are constantly promoting the accelerated development of China's new energy vehicle industry. According to the Ministry of Public Security, the number of domestic new energy vehicles has exceeded 10 million in June this year, making China the world's largest new energy vehicle market.

Under this backdrop, the power battery, as an important component of new energy vehicles, has huge development potential. According to estimates, the global installed capacity of power batteries will reach 1386.7GWH, nearly 1400WGH in 2026, and China's installed capacity of power batteries is expected to increase from 154.5GWH in 2021 to 762GWH in 2026.

CALB will also continue to expand its production capacity. The overall effective production capacity is expected to expand to approximately 35GWh and 90GWh in 2022 and 2023, respectively, representing a year-on-year increase of up to 194% and 157%.

CALB's production capacity is all high-quality that can be mass-produced to meet the full range of customer needs, which downstream customers unanimously recognize. The company's products are widely demanded in the market, and this can be expected that the impact of the company's economy of scale will continue to increase.

As a benchmarking enterprise of China's power battery, CALB is bravely taking the lead at the critical moment of economic restructuring, which is not only the ambition of an enterprise, but also the best illustration of supporting China's carbon peak emissions and carbon neutrality goal. The listing of the Company as the first enterprise of power battery in Hong Kong marks the Company's official entry into the capital market, and also opens a new chapter of rapid and sustainable development for the Company. It is believed that with the help of the capital market, the Company will continue to improve the company's technical strength and product competency in the long run and strengthen the long-term competitiveness of the company , and its share price is expected to take off continuously.


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Oct 6, 2022 – (ACN Newswire) – On October 6, CALB Co., Ltd. (3931.HK), a giant in the EV battery industry, was officially listed on the Hong Kong Stock Exchange and became the first new energy EV battery enterprise in Hong Kong. During the offering period, the first day of the international placement of CALB has realised oversubscription. In addition, the IPO of CALB also attracted 15 cornerstone companies, including Tianqi Lithium (002466.SZ), Han's Laser Technology (002008.SZ), XPeng-W (09868.HK) and vivo, to subscribe for more than 40% of the global offering shares, almost covering the entire new energy vehicle industry chain, which fully proves that the industrial capital is optimistic about the development prospects of CALB.

The high level of prosperity of the industry will continue, and the short-term adjustment will not change the long-term trend

From the industry level, with the establishment of the dominant position of new energy development in several major global economies, the global new energy vehicle market has grown at a high speed and the penetration rate has continued to increase. According to Frost & Sullivan, the global sales volume of NEVs increased from 1,162.1 thousand units in 2017 to 6,201.2 thousand units in 2021. Global NEV sales are expected to grow at a CAGR of 24.3% from 2021 to 2026, and the global NEV penetration is expected to reach 30.1% by 2026.

Benefiting from the growth of the global NEV market, the automotive industry in various countries has a high demand for power batteries, and the EV battery market has grown steadily. The global EV battery installed capacity is expected to grow at a CAGR of 33.8% from 2022 to 2026 and reach 1,386.7 GWh in 2026. Among them, as the world's largest EV battery market, with the rapid growth of NEV penetration rate, the healthy development of the industrial chain and the effective control of the pandemic, China's EV battery installed capacity is expected to reach 762.0 GWh in 2026 with a CAGR of 34.9% from 2022 to 2026.

Therefore, the high level of prosperity of the NEV industry chain is still continuing, and the current adjustment of the new energy sector is not due to changes in fundamentals, but a correction of excessive short-term growth. In the long run, the development of new energy is the trend of the times. After a short-term restructuring, the subsequent performance is worth looking forward to.

Excellent leaders promote the accelerated growth of enterprises, and equity diversification contributes to long-term development

As a leader in the EV battery industry, CALB has an excellent leader to lead the Company through the time cycle and achieve long-term sustainable development. Liu Jingyu, the Chairwoman of the Company, has her unique understanding and insight into the market and has excellent "cognitive power". The focus on passenger vehicles implemented by CALB in 2018, the restart of commercial vehicles in 2019, and the re-launch of passenger vehicles and energy storage in 2020 are all based on a thorough understanding of the market through full market and customer research, and accurate judgement after a full understanding of the market. Unique strategic vision determines the correct direction of the Company; a keen insight into the market determines the right goals for the Company; a deep understanding of technology determines the right course for the Company; the overall control of production determines the correct layout of the Company.

Under its strong leadership, CALB's technology iteration has always led the industry's development, its product strength has been continuously enhanced, and its market share has continued to expand. According to Frost & Sullivan, in terms of installed capacity in the first quarter of 2022, CALB ranked second among third-party EV battery companies in the PRC and fifth globally among the third-party EV battery companies. At the same time, the Company's revenue increased by 63.0% from RMB1,733.8 million in 2019 to RMB2,825.4 million in 2020, and increased significantly by 141.3% to RMB6,817.1 million in 2021. In the first quarter of 2022, the Company's revenue was RMB3,897.1 million, with a year-on-year increase of 266.5%.

At present, CALB is a joint-stock enterprise with diversified equity, high marketization, independent management and equity incentive. Through CALB's business decisions and capacity layout in recent years, it can be seen that the management of the Company can make decisions quickly according to the market demand and changes, and implement them quickly to match the market demand. It is believed that after the listing, the vitality of CALB will be further stimulated, and the subsequent market performance is more worthy of expectation.


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com