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Indonesia opens first electric vehicle battery factory in Southeast Asia

 


Indonesia inaugurated its first electric vehicle (EV) battery factory on July 3, the first of its kind in Southeast Asia.

Indonesian President Joko Widodo (R) speaks with Hyundai Motor Group Executive Chairman Chung Eui-sun (C) during an inspection of PT Hyundai LG Indonesia-Green Power's battery and electric vehicle manufacturing plant in Karawang, West Java. (Photo: AFP/Indonesian Presidential Palace)
Indonesian President Joko Widodo (R) speaks with Hyundai Motor Group Executive Chairman Chung Eui-sun (C) during an inspection of PT Hyundai LG Indonesia-Green Power's battery and electric vehicle manufacturing plant in Karawang, West Java. (Photo: AFP/Indonesian Presidential Palace)

Jakarta (VNA) Indonesia inaugurated its first electric vehicle (EV) battery factory on July 3, the first of its kind in Southeast Asia.

The plant, located in the West Java city of Karawang, is owned by PT HLI Green Power, a joint venture between Indonesia Battery Corporation and Korean manufacturers Hyundai Motor Group and LG Energy Solution (LGES).

With an investment of $1 billion, the plant can produce up to 10 gigawatt hours (GWh) of battery cells each year to power 150,000 electric vehicles.

PT HLI Green Power is expected to spend $2 billion to increase the plant's capacity to 20 GWh.

The plant is part of a $9.8 billion electric vehicle battery deal signed between Indonesia and LG in 2020.

Speaking at the inauguration ceremony, Indonesian President Joko Widodo stressed that the opening of the plant marks a new chapter demonstrating Indonesia's commitment to becoming a global partner in the electric vehicle supply chain.

Meanwhile, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan affirmed Indonesia's desire to become a key player in global electric vehicle supply chains.

Indonesia has the world's largest nickel reserves, as well as reserves of iron, copper and bauxite, which are important components of electric vehicle batteries.

Sources

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2/ https://en.vietnamplus.vn/indonesia-launches-first-ev-battery-plant-in-southeast-asia-post289592.vnp

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