Last July 3, Hyundai Motor Group announced the completion of construction of HLI Green Power, a battery cell plant operated in conjunction with LG Energy Solutions. This factory, located in Karawang New Industry City (KNIC), Indonesia, marks an important step forward in Hyundai’s strategy to consolidate its presence in the electric vehicle market. electric vehicle in Southeast Asia.
Celebration of Kona Electric and battery cell plant
The commemorative event was attended by important figures from the Indonesian government, such as President Joko Widodo, and from South Korea, including the Minister of Trade, Jeong In-kyo. During the ceremony, Hyundai celebrated the start of mass production of the new KONA Electric, the first electric vehicle in Indonesia to use battery cells produced locally by HLI Green Power.
This makes Hyundai the first manufacturer in Indonesia to establish a local batch production system for electric vehicles, covering everything from the manufacture of battery cells to the assembly of finished vehicles. This vertical integration provides Hyundai with a significant strategic advantage in the ASEAN electric vehicle market, facilitating more flexible growth and rapid response to market demand.
Indonesia’s strategic importance
Indonesia, with its vast reserves reserves of nickelplays a crucial role in the supply chain of batteries for electric batteries for electric vehicles . The collaboration between Hyundai and LG not only strengthens the relationship between South Korea and Indonesia, but also positions Indonesia as an emerging leader in battery and electric vehicle production in the region.
For his part, Indonesian President Joko Widodo emphasized the importance of this collaboration by personally assembling battery cells during the ceremony. This project drives the growth of the electric vehicle industry in Indonesia and supports the country’s goals of becoming carbon neutral by 2060.
It is worth noting that Hyundai Motor Group will continue to strengthen its cooperation with Indonesia, exploring new areas such as hydrogen solutions solutions and air mobility. With the implementation of favorable policies for electric vehicles, Indonesia is positioned as a key market for Hyundai, which plans to expand its range of electric vehicles and charging services to meet growing demand.
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Source and photo: hyundai.co.kr