Indonesia has launched Southeast Asia’s first electric vehicle battery plant in West Java, with an annual capacity of 10 GWh, enough to power 150,000 EVs. This $1 billion investment by Hyundai Motor Group, LG Energy Solution, and the Indonesia Battery Corporation marks a significant step towards Indonesia’s goal of becoming a top-three EV battery producer by 2027. The plant, integrated with Hyundai’s factory producing 50,000 Kona Electric vehicles annually, aims to double its capacity to 20 GWh with a further $2 billion investment. Leveraging its vast nickel reserves, Indonesia is also developing lithium refineries and anode production facilities, positioning itself as a key player in the global EV supply chain.
