The global Resources Indonesia exhibition be held at the Indonesia Convention Center on September 19-21, 2024. Our company Guo Wanyuan, Li Guohui, Zhang Jiahui and others participated in the Indonesian electronic exhibition. I have the honor to participate as a representative of the company, and communicate with exhibitors and customers from all over the world.
At this exhibition, a number of well-known companies demonstrated a variety of advanced lithium battery technologies and products. These technologies and products have higher energy density, longer service life and faster charging speed, providing users with a better use experience. At the same time, the exhibition attracts customers from all over the world, including industry leaders, innovative entrepreneurs and professionals. They shared the latest research results and innovative applications of lithium batteries in the fields of energy storage and electric mobility at our booth.
Due to the sufficient lighting conditions in Indonesia and the lack of renewable energy, there is a large demand for light storage. In 2020, there are only 3,000 electric two-wheelers registered in Indonesia: 15 electric two-wheelers companies. However, by the end of 2022, the number of registered electric motorcycles in Indonesia has increased to 26,000, with 35 registered companies. As of October 2023, sales of electric two-wheelers have soared to 1 million, and 230 companies in the registered motorcycle industry have been registered. At present, electric bicycles are the most popular host, and the sales channels mainly include B2B and B2C purchase and use. From 2021 to 2023, the ASEAN electric two-wheeler market is growing rapidly, with the overall market size exceeding 2 trillion in 2023 and will exceed 3 trillion in 2025. As the Indonesian motorcycle market continues to accelerate oil to electricity, the future development potential of the Indonesian motorcycle market is undoubtedly huge, so the electric vehicle lithium battery market in Indonesia is also very large.As the largest economy in Southeast Asia, with abundant natural resources and important geographic and strategic coordinates, Indonesia has maintained rapid economic growth, and is an indispensable strategic partner in China's "Belt and Road" grand blueprint. At a time when the global demand for clean energy is increasing, Indonesia, with its unique natural conditions and government policy support, has become an ideal destination for renewable energy investment. Choosing to invest in the new energy industry in Indonesia has important strategic significance for the optimization of the global energy structure.
Looking ahead, lithium battery energy will continue to play an important role in driving the energy revolution and sustainable development. We believe that through joint efforts, lithium battery technology will further break through innovation and provide sustainable and environmentally friendly energy solutions for building a better future.