Indonesia battery green energy

Why is Hyundai launching a battery plant in Indonesia?

Hyundai and LG Energy Solution have opened a $1.1bn battery cell plant in Indonesia as the south-east Asian country works to build an electric vehicle ecosystem. The launch of the country’s first battery plant on Wednesday is part of Indonesia ’s push to move up the global EV supply chain.

Where is Indonesia's first EV battery factory located?

Indonesia, renowned for its vast nickel reserves, has inaugurated Southeast Asia's first EV battery manufacturing plant in Karawang, West Java. HLI Green Power, a joint venture between Indonesia Battery Corporation, Hyundai Motor and LG Energy Solution, owns this state-of-the-art facility. Indonesian President Joko Widodo

Why is Indonesia launching a new EV battery plant?

President Joko “Jokowi” Widodo said this factory would help Indonesia secure its spot in the global supply chain. “This is Southeast Asia's first and largest EV battery cell plant. I’m pretty sure we can win against other countries with this,” Jokowi said at the launching ceremony on Wednesday.

How many eV cells will Hyundai supply in Indonesia?

The plant will supply cells for over 150,000 competitively-priced Hyundai and Kia EVs, starting with the new Kona Electric. In March 2021, Hyundai teamed up with LG to build a new EV battery cell plant near the capital of Indonesia.

Will Indonesian battery cells be used in Hyundai and Kia EVs?

The battery cells from the Indonesian plant will be used in Hyundai and Kia’s EV models. Indonesian officials have also said about 90 per cent of the factory’s products will be exported to South Korea and India. The two companies have a 50-50 stake in the project, which was first announced in 2021.

Will Hyundai make a Kona Electric based on Indonesian batteries?

The plant is integrated with Hyundai's auto factory where the company is set to start producing 50,000 units per year of Kona Electric, an SUV that would use Indonesian-made batteries.