Indonesia's EV battery market is growing on investments in cell manufacturing and its nickel resources, with the market valued at USD 1.35 billion in 2025 and projected to reach USD 1.75 billion in 2026, before expanding significantly by 2036. Growth is supported by domestic EV adoption, government incentives and export opportunities, while risks include investment, technology infrastructure, sustainability concerns over reliance on nickel, and the global shift toward LFP chemistry. Vertical integration from mine to cell and electric two-wheelers are also highlighted as opportunities. Elsewhere, Zhejiang Sling Automobile Bearing rose 13.8% to CN¥133.39 after third-quarter sales increased but net income fell, while Mercedes-Benz Group dropped 3.9% to €39.78, near its 52-week low, after lowering its 2026 earnings guidance on challenging conditions in China and higher material costs.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
electric vehiclesIndonesiamining
Open a keyword to see other news on the same topic.
Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 10/27/2026 | 407.46 |
| Change that session | +4.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- China praises Indonesia after $10.2 billion deal: President Prabowo calls foreign partners 'brothers'
On October 8, President Prabowo launched 11 downstream industrial projects backed by China, estimated at $10.2 billion, at the Weda Bay Industrial Park (IWIP) in Central Halmahera, North Maluku. He witnessed the first export shipment of electric vehicle batteries produced by Chinese firms at the park and described foreign partners as 'brothers' of the Indonesian people. On October 13, Chinese Foreign Ministry spokesperson Mao Ninh said that 'the success of Chinese companies in Indonesia is also Indonesia's success' and expressed confidence that Indonesia would keep protecting the legitimate rights of Chinese firms. Total investment in IWIP has exceeded $20 billion, with another $7 billion planned for expansion, and the zone has created more than 100,000 jobs.
- Copper Prices Could Be A Key Test For Freeport McMoRan Stock
Freeport-McMoRan reported third-quarter 2026 copper production of about 830 million pounds and gold output of roughly 230 thousand ounces, broadly in line with internal expectations. About 60 thousand ounces of refined gold sales were deferred into the fourth quarter due to shipment timing and Indonesian smelter logistics. The company guided to Q3 copper sales of about 750 million pounds and gold sales near 100 thousand ounces, lower than prior expectations because of the deferrals. The article says the Q3 2026 earnings release on October 27 is the near-term catalyst, and identifies operational and regulatory complexity in Indonesia as the biggest current risk.
- Nasdaq-100 tumbles into its third correction this year as AI worries mount
- Electric Trucking: Why 2,500 Tesla Semis Will Transform Freight
Shipper alliance Z-Scale has placed an order for 2,500 electric Class 8 trucks from Tesla, described as the largest electric truck order in U.S. history. Run jointly by Smart Freight Centre and Catalyst Mobility, the program pools demand from shippers such as PepsiCo, Microsoft, IKEA and Red Bull to send a large-scale purchasing signal to truck makers. The program's total goal is 10,000 trucks, with the 2,500-unit order as the first round. The article says the core problem is that battery-electric Class 8 trucks have historically cost three times as much as comparable diesel trucks, leaving carriers reluctant to invest and manufacturers unable to price competitively without high volumes. Tesla was chosen through a competitive RFP judged on price, performance, production capability and maintenance support, while Kenworth, Bright/BYD and Volvo were prequalified for carriers preferring alternatives.
- Black Cautions Tesla Shareholders On SpaceX Merger Risks: Says Marvell-Lumentum Deal Reaction Offers Early Warning
Gary Black said on X that in large, complex all-stock transactions with extended timelines, traders typically sell the acquirer's shares, which reduces the effective value delivered to the target's shareholders.
- Musk may soften Terafab control stance in fresh TSMC talks
According to a rumor shared by TriOrient research executive Dan Nystedt on X, Elon Musk may be easing his demand to fully control Terafab, a chip venture involving SpaceX and Tesla, and renegotiating with TSMC on operational control, joint investment, technology and bottlenecks such as advanced packaging and PCB and substrate integration. Musk had previously said he would build and run the fab, and that TSMC could at most sublease part of the site. TSMC CEO C.C. Wei also confirmed talks last month but stipulated that any participating fab must be run by TSMC. Terafab, which also counts Intel as a partner, targets its first test chip around May or June 2027 and volume production in the third quarter of 2028.
Related markets
Latest news
- How much is SJC 9999 gold per chỉ today, November 3, 2026?
9999 gold (also called 24K, vàng ta or pure gold) has 99.99% purity, with about 0.01% impurities, making it soft and prone to dents, so it is mainly made into plain rings or bars. At 7 a.m. on November 3, 2026, SJC quoted its 1L, 10L and 1KG gold bars at VND 13.7–14.00 million per chỉ (buy–sell), up VND 100,000 per chỉ on both sides from the previous morning. SJC 99.99% gold rings of 1, 2 and 5 chỉ traded at VND 13.28–13.68 million per chỉ, also up VND 100,000 on both sides. The article notes that prices may change during the day.
- Apple Q4 Earnings Call Highlights
Apple reported fiscal fourth-quarter revenue of $114.5 billion, up 12% year over year and a September-quarter record, with iPhone revenue up 17% to $57.6 billion and Mac up 24% to $10.8 billion, while iPad fell 10% to $6.2 billion. Full-year revenue reached $478.8 billion, up 15%, and EPS was $8.98, up 20%. Services hit a record $31.6 billion, up 10%, with more than 2.5 billion active devices and more than 1.5 billion paid subscriptions. However, higher memory costs are pressuring margins, and Apple forecast 7%–10% revenue growth and a 45%–46% gross margin for the December quarter.
- Why Keel Infrastructure Stock Got Mashed on Monday
Keel Infrastructure (KEEL) shares fell 8.25% on Monday after Keefe, Bruyette & Woods analyst Stephen Glagola cut his price target to $3 from a previous fair value assessment of $4.50 before the market opened, while keeping a market perform (hold-equivalent) rating. Glagola wrote that Keel's colocation fundamentals remain solid, but the market needs more clarity on construction costs and project financing, and he flagged possible declines in client leases across the industry and growing regulatory uncertainty in Texas. The article notes that Keel's three priority sites have not yet reached full permitting, and that the company still must prove it can profit from data centers over the long term. The author said he would hold off on buying the shares until there is a clearer picture of how the company is managing the transition.
- Iran's Supreme Leader Grants Government Authority to Negotiate with US
Iran's President Masoud Pezeshkian confirmed that Supreme Leader Mojtaba Khamenei has given the government certain authority to negotiate with the United States to end the months-long conflict, while saying Iran will not surrender to US threats. Iran's Foreign Ministry said messages are being exchanged with Washington through mediators, and spokesperson Esmaeil Baqaei said Iran is ready to reopen the Strait of Hormuz within 48 hours if the US accepts Iran's conditions, down from one week previously. The article does not specify a timeline for resuming formal talks. On October 31, US President Donald Trump said negotiations were going well but described Tehran as not very reliable.
- Amazon's Report Passed Both Tests I Set for It. I'd Buy More of the Stock Now.
Amazon shares trade around $250, more than 10% below their August 3 closing high of $284.02, even though the October 29 third-quarter report showed the company's highest operating margin in its history. AWS revenue rose 39% to $46.0 billion, marking six straight quarters of faster growth, with AWS operating income up 55% to $17.8 billion and backlog reaching $578 billion. Total operating income reached $28.1 billion, up 61% (about 29% excluding year-ago special charges), while third-quarter capital expenditures hit $75.9 billion and trailing 12-month free cash flow was negative $42.4 billion. The author said neither of the two conditions he set for the second half of his position occurred, namely AWS growth falling toward 20% or operating income landing below the $22.5–26.5 billion guidance range. He said he would buy the remaining half of the position now, while expecting free cash flow to look weak for a while.
- Here’s why Palantir’s stock is down despite a ‘bombastic’ quarter
Palantir beat earnings expectations, but a slowdown in U.S. commercial contract growth gave some Wall Street analysts pause.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.