The plant, located in Karawang city, West Java, belongs to PT HLI Green Power, a joint venture between Indonesia’s Battery Corporation and Korean manufacturers Hyundai Motor Group and LG Energy Solution (LGES).
With an investment of 1 billion USD, the plant can produce up to 10 Gigawatt hours (GWh) of battery cells every year to provide to 150,000 EVs.
PT HLI Green Power is expected to spend 2 billion USD to raise the plant's capacity to 20 GWh. The plant is part of a 9.8 billion USD EV battery deal signed between Indonesia and LG in 2020.
![Indonesian President Joko Widodo (right) speaks with Hyundai Motor Group Executive Chairman Chung Eui-sun (center) during an inspection of the battery and electric vehicle manufacturing plant by PT Hyundai LG Indonesia-Green Power in Karawang, West Java. (Photo: AFP/Indonesian Presidential Palace) Indonesia launches first EV battery plant in Southeast Asia -0](https://cdn-en.daibieunhandan.vn/images/b26c8c54e747d97e23a6427172c31d8a9a86fff58e4c3d8d7006e01489c1199295bf2086637ca24386dbb11aa618ecca061750b6d467f3b331595771bbe166d2/ev-4854-1720056803650.jpg)
Speaking at the inauguration ceremony, Indonesian President Joko Widodo emphasised that the opening of the factory marks a new chapter demonstrating Indonesia's desire to become a global partner in the EV supply chain.
Meanwhile, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan affirmed Indonesia's readiness to be a key player in the global EV supply chains.
Indonesia has the world's largest nickel reserves and the reserves of iron, copper, and bauxite which are important components of EV batteries./.
VNA