With the commencement of battery production at the plant, located in Karawang New Industry City, near Jakarta, the South Korean auto behemoth has completed its first-ever EV ecosystem, which is also the first of its kind in the Southeast Asian country hoping to decarbonize by 2060.“Hyundai Motor Group and Indonesia together have made it possible to complete the battery cell plant and mass produce the Kona Electric in Indonesia,” Hyundai Motor Group Executive Chair Chung Euisun said at the battery JV plant’s inauguration ceremony in Jakarta on Wednesday.“This underscores our solid partnership and signifies that we are shaping the future of the EV ecosystem not only in Asia but also across the world.” Hailing the completion of the country’s first EV supply chain, Indonesian President Joko Widodo, who also attended the ceremony, said, “We have entered a new era that will lead our country to become a global player.
We are now competitive with a system covering the full cycle of EV production.”INDONESIA’S FIRST COMPLETE EV SUPPLY CHAINWith the opening of HLI Green Power, Hyundai Motor has become the first automaker in Indonesia to establish a local EV supply chain from battery cells to finished vehicles.The $1.1 billion battery plant, held 50-50 by Hyundai Motor and LG Energy Solution, broke ground on a 320,000-square-meter site in September 2021 as Hyundai hoped to secure a stable supply of battery cells for its electric cars targeting the ASEAN market.
Hyundai Motor also plans to supply HLI Green Power batteries to other EVs produced in Korea, including Hyundai Casper and Kia Corp.'s EV3, as well as those in India and Indonesia, Jang Jae-hoon, Hyundai Motor president and chief executive officer, told reporters after the ceremony.“We are seeking to make the best use of the batteries.”With a complete EV ecosystem built in Indonesia, covering raw material sourcing, battery and EV production, charging infrastructure construction and waste battery recycling, Hyundai Motor Group will up the ante to win the EV race in the ASEAN market with 670 million people.WHY INDONESIA?
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