About Indonesia Surabaya new car will be equipped with lithium battery pack
South Korean legacy automaker Hyundai plans to introduce a new battery-electric vehicle powered by the batteries it produced in Indonesia in 2024, local media Jakarta Globe reports.
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6 FAQs about [Indonesia Surabaya new car will be equipped with lithium battery pack]
Does Hyundai have a new battery plant in Indonesia?
Hyundai aims to strengthen its presence in Southeast Asia. Its new battery plant with LGES in Indonesia is expected to boost Hyundai’s production capacity and significantly contribute to its economic growth. The South Korean automaker plans to use the batteries from its HLI Green Power Factory in Kona Electric cars.
Why is Hyundai launching a new battery factory in South Korea?
AFP was given rare access to the factory floor to get a glimpse of the plant's complex battery cell production, most of which will be shipped to Hyundai subsidiaries in South Korea and India. Hyundai said the new factory was a commitment to helping the archipelago become a supercharged Southeast Asian EV maker.
Is Indonesia a good place to manufacture EV batteries?
Indonesia is the world’s biggest nickel producer, making it the ideal location for an EV battery factory. “Vehicles produced and sold in Indonesia will set a new standard for potential customers in Southeast Asia,” Hyundai Motor Group Executive Chair Chung Euisun said.
Who inaugurated Indonesia's battery and electric vehicle ecosystem in 2024?
JAKARTA, KOMPAS — President Joko Widodo inaugurated Indonesia's battery and electric vehicle ecosystem in 2024 at PT Hyundai LG Indonesia or HLI Green Power, Karawang, West Java. This factory is the first and largest battery cell factory in Southeast Asia.
Will Indonesian battery cells be used in Hyundai and Kia EVs?
The battery cells from the Indonesian plant will be used in Hyundai and Kia’s EV models. Indonesian officials have also said about 90 per cent of the factory’s products will be exported to South Korea and India. The two companies have a 50-50 stake in the project, which was first announced in 2021.
Will South Korea build a new battery factory?
Investment minister Bahlil Lahadalia said the South Korean companies would begin constructing the second phase of the battery cell factory, which will have an annual production capacity of 20 gigawatt hours, with an investment of $2bn. The battery cells from the Indonesian plant will be used in Hyundai and Kia’s EV models.
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