Indonesia is ready to mass produce electric vehicle (EV) batteries in April 2024 the Ministry of Investment said today.
The mass production will mark a new page in the history of the country’s automotive industry and signify the benefits of the downstreaming policy.
“Downstreaming is a way to create added value from abundant natural resources in Indonesia, one of which is nickel,” the ministry’s Special Staff, Tina Talisa, said.
According to Talisa, mass production will be carried out through PT Hyundai LG Industry (HLI) Green Power, a joint venture company between South Korea’s Hyundai Motor Group and LG Energy Solution, which is based in Karawang, West Java.
She assessed that it will not only make Indonesia the first EV battery cell producer in Southeast Asia but also highlight the government’s commitment to supporting the national EV battery ecosystem development project.
With the start of the mass production of EV battery cells, would now Indonesia the first country to produce EV battery cells in Southeast Asia.
President Director of PT HLI Green Power Hong Woo Pyoung said Indonesia’s EV battery industry would later be able to create young pioneer engineers who are capable of professionally creating electric car battery cells.
He affirmed that his side had trained Indonesian engineers for a year and said that the training would continue to be provided.
In the first phase, PT HLI received an investment of US$1.1 billion and has a production capacity of 10 gigawatts per hour (GWh) with 32.6 million battery cells that could be used to produce approximately 150 thousand electric vehicles.
