Indonesia’s First EV Battery Plant Launched by Hyundai, LGES

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South Korea's Hyundai Motor and LG Energy Solution opened the first EV battery plant in Indonesia on Wednesday.It is part of a $9.8bn plan to set up an EV supply chain in SE Asia's biggest economy

The post Indonesia’s First EV Battery Plant Launched by Hyundai, LGES appeared first on Asia Financial.

It has enough annual capacity to produce batteries that can power more than 150,000 battery-based electric vehicles.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaIndonesiaSouth KoreaThailand

Topics: Market Insights Asia Fintech Transport Insights New Energy Vehicles New Energy Transport North Asia Fintech Insights Southeast Asia Global Green Energy Transport and Technology Leaders Index ESG Electric Vehicles Energy Insights Regions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 11:44:50 (3 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 21471369

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