Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually

• Sommana Yan
• 21 July 2024
• Uncategorized
• 2470 Views

Hyundai has launched its first electric car battery plant in Indonesia in partnership with LG Energy Solution, setting a significant milestone in its global supply chain strategy. The new facility, capable of supplying around 150,000 Hyundai and Kia electric vehicles annually, began operations on 3 July 2024, according to Asia.nikkei.com.

With an operational capacity of 10 GWh per year, the plant can power over 150,000 electric vehicles. Additionally, Hyundai announced the mass production of the new Kona Electric in Indonesia, marking the first electric vehicle to use batteries produced directly from this facility.

“The plant would cement Indonesia’s key position in the EV global supply chain as it establishes a domestic processing industry”, said Indonesian President Joko Widodo.

“This is the first and largest EV battery cell plant in Southeast Asia, and I am sure we will be able to win this competition with other countries because the nickel, bauxite and copper are here,”  added President Widodo.

In March 2021, Hyundai and LG partnered to establish this battery plant near the Indonesian capital, investing approximately US$1.1 billion and sharing a 50% stake each. This joint venture, named “HLI Green Power,” aims to ensure a stable and competitive supply of electric vehicle batteries for future models.

The plant’s inauguration on 3 July 2024 represents a significant milestone for both Indonesia and Hyundai, highlighting the country’s strategic importance in the ASEAN market. According to Hyundai, this partnership ensures “a stable, competitive supply of electric vehicles for future battery electric vehicles.”

The facility spans over a substantial area and adheres to rigorous Standard Operating Procedures (SOPs) for 2024, further cementing Hyundai’s commitment to advancing its electric vehicle capabilities and market presence in the region.

• Business and Market
• Projects Development
• Economy and Finance
• Technology and Engineering