Cabinet Secretariat of the Republic of Indonesia | President Jokowi Inaugurates the First and Largest Electric Vehicle Battery Factory in Southeast Asia President Jokowi Inaugurates the First and Largest Electric Vehicle Battery Factory in Southeast Asia

South Korea's Battery and Electric Vehicle Ecosystem Launched in Indonesia: Vision Becomes Reality at PT Hyundai LG Indonesia (HLI) Green Power, Karawang Regency, West Java Province, Wednesday (03/07/2024). (Photo: Regency Secretariat Public Relations/Oji)

Indonesian President Joko Widodo (Jokowi) inaugurated South Korea's battery and electric vehicle ecosystem in Indonesia, at PT Hyundai LG Indonesia (HLI) Green Power, West Karawang, West Java province, Wednesday (03/07/2024).

The President believes that by inaugurating this battery and electric vehicle factory, it will be a new chapter and an important step in Indonesia's commitment to becoming a global player in the ecosystem. Electric vehicle battery cells and electric vehicles.

YMore importantly, we must truly be able to enter as an internal global player supply chain electric vehicle. This one has already started and it is a battery cell factory Electric vehicle the first and largest in Southeast Asiahe said.

The President believes that nothing can prevent Indonesia from being competitive in the electric vehicle ecosystem and that the materials are already completed in Indonesia.

I am sure that we will be able to win the competition with other countries, because the mines are here, the nickel is here, bauxite It's here, the copper is there, there's a foundry, between cathode And precursor, SO go in Battery for electric vehicleso the car factory is there, integrated into an ecosystem for electric carshe stressed.

The head of state also greatly appreciates the consortium between Hyundai and LG in construction big package electric battery ecosystem, this indicates that relations between South Korea and Indonesia are improving.

Dwith an investment of IDR 160 trillion to be carried out in stages. Hopefully, this will mark the improvement of relations between the Republic of Korea and Indonesia.he concluded.

Also accompanying the President in the inauguration activities included, Coordinating Minister for Maritime Affairs and Investment (Menko Marvès) Luhut Binsar Pandjaitan, Minister of Investment Bahlil Lahadalia, Minister of Industry (Men Perin) Agus Gumiwang, Minister of State Enterprises (BUMN) Erick Thohir, Chief of the Presidential Staff (KSP) Moeldoko, Minister of Commerce, Industry and Energy of the Republic of Korea Jeong In-kyoKorean Ambassador to Indonesia Lee Sang DeokHyundai Motor Group Executive Chairman Euisun Chung, LG Energy Solution Executive Chairman Kim Dong-Myung.(KS/DNS)

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