Indonesia Set to Achieve Milestone with Mass Production of EV Batteries in April 2024
Jakarta, The Gulf Observer: The Ministry of Investment has officially announced that Indonesia is poised to enter the era of mass production for electric vehicle (EV) batteries, marking a significant milestone in the nation’s automotive industry. Scheduled to commence in April 2024, this ambitious undertaking is set to exemplify the benefits of Indonesia’s downstreaming policy, creating added value from abundant natural resources, particularly nickel.
Tina Talisa, Special Staff at the Ministry, emphasized the pivotal role of downstreaming in leveraging Indonesia’s abundant natural resources. She stated, “Downstreaming is a way to create added value from abundant natural resources in Indonesia, one of which is nickel.”
The monumental mass production initiative will be spearheaded by PT Hyundai LG Industry (HLI) Green Power, a joint venture company between South Korea’s Hyundai Motor Group and LG Energy Solution. Strategically based in Karawang, West Java, the production is expected not only to position Indonesia as the first EV battery cell producer in Southeast Asia but also to underscore the government’s unwavering commitment to advancing the national EV battery ecosystem development project.
Talisa highlighted the broader implications of this initiative, stating that the extensive production of EV battery cells would position Indonesia as the pioneer in Southeast Asia to utilize the latest technology from LG, setting a new standard for the region.
This endeavor represents a crucial step in Indonesia’s journey toward sustainable and technologically advanced transportation, aligning with global efforts to reduce carbon emissions and promote cleaner energy alternatives.
