Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
AL CIRCLE

Southeast Asia's first electric vehicle battery plant inaugurated in Indonesia

EDITED BY : 2MINS READ

Indonesia unveiled Southeast Asia's first electric vehicle battery manufacturing facility on July 3, 2024, as a landmark for the region's automotive industry. The facility boasts the world's largest nickel reserves and the sixth-largest producer of bauxite. Situated in Karawang, West Java Province, the plant was owned by HLI Green Power and was inaugurated on July 3, 2024.

Southeast Asia's first electric vehicle battery plant inaugurated in Indonesia

{alcircleadd}

This groundbreaking initiative is a joint venture involving Indonesia Battery Corporation, South Korean automaker Hyundai, and leading battery manufacturer LG Energy Solution. The move signifies Indonesia's strategic leap into the forefront of electric vehicle technology, leveraging its abundant nickel resources to propel the green energy transition forward.

During the ceremony, Indonesian President Joko Widodo said, "This is Southeast Asia's first and largest EV battery cell plant. I am confident we can compete with other countries with this."

CBAM reporting

With ample nickel, bauxite, and copper reserves and a well-developed smelter and precursor industry, Indonesia is poised to lead the electric vehicle market. A significant initial investment of $1 billion will yield 10 GWh of battery cells, sufficient to power 150,000 electric vehicles. Plans are to double production to 20 GWh in the future.

During the announcement, Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, underscored Indonesia's preparedness to lead in the global electric vehicle supply chain. This commitment is not just about Indonesia but about a comprehensive ecosystem that includes and values the contribution of international stakeholders, all working towards the common goal of reducing carbon emissions and improving air quality and quality of life worldwide.

Indonesia has trade restrictions on bauxite and nickel. In 2020, the nation prohibited the export of nickel, and in 2023, it banned the export of bauxite. Indonesia had previously planned to impose a ban on exports of copper concentrate beginning on June 1. However, the ban's start will now be postponed to December 31, 2024.

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : 2MINS READ
Adv
Adv
Adv

Responses

Adv
Adv
Adv
Would you like to be
featured with us?
Business Cards
Featured
Want to get your company featured by us?
Business Cards
Featured
Adv
Adv
Business Leads VIEW ON AL BIZ

AL Circle News App
AL Biz App

A proud
ASI member
© 2025 AL Circle. All rights reserved.
AL Circle is not responsible for content from external sources.