Select your language

Hyundai and LG open battery plant in Indonesia

International. On July 3, Hyundai Motor and LG Energy Solution inaugurated the first electric vehicle battery cell production plant in Indonesia with an annual capacity of 10 gigawatt hours (GWh) of battery cells.

The plant is part of a commitment by Hyundai Motor and LGES to invest up to $9.8 billion in battery cell production for electric vehicles. The Indonesian government said Southeast Asia's largest economy is developing an electric vehicle supply chain to benefit from nickel and copper resources.

"This nation's mineral resources, such as iron and nickel, are important components in the batteries that will power millions of electric vehicles around the world," Hyundai Motor Group Chief Executive Euisun Chung said at the factory's opening ceremony.

The plant is integrated with Hyundai's car factory, where the company will begin producing 50,000 units a year of the Kona Electric, an SUV that would use Indonesian-made batteries.

- Advertising -

Hyundai and LGES are also preparing to start development of the second phase of the battery plant, which involves an investment of $2 billion to add 20 GWh of capacity to the plant.

The companies announced in 2021 that they would invest $1.1 billion in the battery cell plant in West Java province. It has enough annual capacity to produce batteries that can power more than 150,000 battery-powered electric vehicles.

President Joko "Jokowi" Widodo said the plant will cement itself as Indonesia's key in the global electric vehicle supply chain by establishing a domestic processing industry.

"This is the first and largest battery cell plant for electric vehicles in Southeast Asia, and I am sure that we will be able to win this competition with other countries because nickel, bauxite and copper are here," Jokowi said at the same event.

Indonesia, the world's leading nickel producer, banned crude nickel exports in 2020 to encourage investment in domestic processing of the metal.

Indonesian Investment Minister Bahlil Lahadalia and South Korean Commerce Minister Cheong Inkyo also met to discuss cooperation on electric vehicles, petrochemicals and clean energy technologies such as carbon dioxide capture and storage, South Korea's Ministry of Commerce said in a statement.


No comments

• If you're already registered, please log in first. Your email will not be published.

Leave your comment

In reply to Some User
AutoAméricas Show 2026 moves to the Dominican Republic: the key event of the automotive sector changes venue

AutoAméricas Show 2026 moves to the Dominican Republic: the key event of the automotive sector changes venue

Dominican Republic. For the first time, the AutoAmericas Show – a benchmark event for the auto parts and automotive services industry in Latin America and the Caribbean – will be held in the...

Registration open! Medellín will host the first Repintado Days, an event with a Latin stamp dedicated to automotive refinishing

Registration open! Medellín will host the first Repintado Days, an event with a Latin stamp dedicated to automotive refinishing

Colombia. You can now secure your place for Repintado Days, the new event specialized in automotive refinishing that will take place on June 19 in Medellín, and which seeks to consolidate itself as...

Volex begins construction of its new plant in San Luis Potosí

Volex begins construction of its new plant in San Luis Potosí

Mexico. With a symbolic ceremony, Volex gave the starting signal for the construction of its new plant in San Luis Potosí, in a ceremony held on the morning of Monday, April 21, on Manuel Gómez...

The aftermarket for electric vehicles will reach $195 billion by 2035

The aftermarket for electric vehicles will reach $195 billion by 2035

United States. The global aftermarket for electric and hybrid vehicles (xEVs) reached a value of $59 billion in 2024 and is projected to grow to $195 billion by 2035, with a compound annual growth...

U.S. warns Colombia of possible sanctions if it does not stop new auto parts regulation

U.S. warns Colombia of possible sanctions if it does not stop new auto parts regulation

United States. Washington is asking to suspend a rule that would take effect on May 2, citing unfair trade barriers. Bogotá responds with the intention of negotiating.

MAHLE Launches Innovative Bionic Fan for Automotive Air Conditioner Inspired by Nature

MAHLE Launches Innovative Bionic Fan for Automotive Air Conditioner Inspired by Nature

International. MAHLE presented a new bionic radial blower for air conditioning systems in vehicles, setting a benchmark in energy efficiency and noise reduction.

ETCO Launches Line of More Than 1,800 U.S.-Made Automotive Terminals for OEMs and Distributors

ETCO Launches Line of More Than 1,800 U.S.-Made Automotive Terminals for OEMs and Distributors

United States. Bradenton, Florida-based ETCO Incorporated announced the launch of a comprehensive line of more than 1,800 automotive components.

Rhenus Automotive to invest US$50 million in Nuevo León plant

Rhenus Automotive to invest US$50 million in Nuevo León plant

International. In the midst of the trade tension generated by the possible tariffs that the United States seeks to impose on manufacturing companies in Mexico, the German Rhenus Automotive announced...

Automotive repainting with a Latin stamp: Medellín receives the first edition of Repintado Days

Automotive repainting with a Latin stamp: Medellín receives the first edition of Repintado Days

Colombia. On June 19, Medellín will host the first edition of Repintado Days, an event specialized in automotive refinishing that promises to become a point of reference for professionals in the...

Trump Mulls Tariff Exemptions for Auto Sector Under Pressure from Manufacturers

Trump Mulls Tariff Exemptions for Auto Sector Under Pressure from Manufacturers

United States. The president's statements generate temporary relief in the industry, although uncertainty persists about the direction of his trade policy.

Suscribase Gratis
Remember Me
SUBSCRIBE TO OUR ENGLISH NEWSLETTER
SITE SPONSORS










LATEST NEWSLETTER
Monthly Newsletter