Hyundai Motor Chairman Chung Eui-sun Visits Battery Plant Symbolizing Korea-Indonesia Cooperation

Completion and Trial Production in June... Targeting Mass Production Next Year
Discussion on Establishing an Electrification Ecosystem in Indonesia

Jung Eui-sun, Chairman of Hyundai Motor Group, visited the site of the battery joint venture factory being built with LG in Indonesia, the company announced on the 8th.

The site visited this time is HLI Green Power, a battery cell factory jointly established by Hyundai Motor Group and LG Energy Solution. It is considered a representative example of economic cooperation between South Korea and Indonesia. Chairman Jung visited the site as a Korean businessperson in connection with the ASEAN-related summit meeting.

Hyundai Motor Group Chairman Chung Euisun is inspecting the electrode process at the battery cell joint venture factory in Indonesia on the 7th (local time).

He toured the site ahead of the Korea-Indonesia Business Roundtable held on the 7th (local time). He had previously attended the groundbreaking ceremony held online in September 2021, but this was his first on-site visit. Chairman Jung sequentially inspected the electrode, assembly, and activation processes where battery cell prototypes are produced. He also exchanged opinions with executives and employees of Hyundai Motor ASEAN Regional Headquarters on issues such as electric vehicle production and sales plans and strategies for building a local electrification ecosystem.

HLI Green Power was completed in June this year. It is located in the Karawang New Industrial Complex. After trial production, the plan is to mass-produce battery cells starting next year. The factory produces high-performance NCMA lithium-ion battery cells, which will be used not only in Hyundai Motor’s local factories but also in other electric vehicles of Hyundai Motor and Kia.

Once batteries are mass-produced at this factory, Hyundai Motor will become the only manufacturer among automobile companies operating locally to have a local production and sales system from electric vehicle battery cells to finished vehicles. The Hyundai Motor Ioniq 5 was the first electric vehicle made locally, and since then, some Chinese companies have entered the local market to produce electric vehicles.

Hyundai Motor Group Chairman Chung Euisun is inspecting the electrode process at the battery cell joint venture factory in Indonesia on the 7th (local time).

Hyundai Motor Group plans to conduct business locally in the future, covering everything from raw material procurement to battery and finished vehicle production, expansion of charging systems, and battery recycling. This is a move to gain a leading position in the Southeast Asian electric vehicle market in the mid to long term. According to the ASEAN Free Trade Agreement, if the localization rate of parts exceeds 40%, electric vehicles produced at the Indonesian factory can be exported to nearby ASEAN countries without tariffs.

A company official said, "With the Comprehensive Economic Partnership Agreement between South Korea and Indonesia coming into effect, economic cooperation in the automotive sector between the two countries will become more active."

Hyundai Motor Group Chairman Chung Euisun (center in the photo) visited the battery cell joint venture factory in Indonesia on the 7th (local time) to inspect the electrode process.

Hyundai Motor Group Chairman Chung Euisun is inspecting the assembly process at the battery cell joint venture factory in Indonesia on the 7th (local time).

Hyundai Motor Group Chairman Chung Eui-sun is inspecting the assembly process at the battery cell joint venture plant in Indonesia on the 7th (local time).

This content was produced with the assistance of AI translation services.