Karawang, West Java, June 30 -- Most buyers of electric vehicle (EV) batteries from the Integrated Electric Battery Industry Ecosystem project in Karawang, West Java, are domestic companies, according to Indonesia Battery Corporation (IBC) CEO Toto Nugroho.

He made the statement after the battery factory's groundbreaking ceremony, led by President Prabowo Subianto on Sunday.

The factory is being developed by a consortium comprising IBC, state-owned mining firm ANTAM, and Chinese company Ningbo Contemporary Brunp Lygend Co. Ltd. (CBL).

Nugroho said that while the facility will primarily serve the domestic market, it also targets exports to several countries, including Japan, India, and the United States.

"If we look at the current cond...