Southeast Asia’s First EV Battery Plant Begins Operations in Indonesia

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.