Hyundai to Build EV Battery Pack Factory in Indonesia

By Editorial Team 16/12/2022
battery of an electric vehicle
Summary

Hyundai Motor Group established a subsidiary, Hyundai Energy Indonesia, producing battery packs to complete the electric vehicle battery production chain. Hyundai Motor targets the plant's construction to start in the first half of 2023, while mass production will run in the second half of 2024.

Hyundai Motor management said the plant would produce battery packs and systems optimized for battery electric vehicle (BEV) models. The battery cells will be produced locally and then supplied to BEV models produced in Indonesia. "The presence of Hyundai Energy Indonesia further complements the Hyundai Motor Group's electrification ecosystem in Indonesia, including the Hyundai Motor Manufacturing Indonesia plant that already produces BEVs and the upcoming battery cell plant, a collaboration with LG Energy Solution Ltd," Hyundai management said in a written statement on Thursday.

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