Indonesian President Visits Hyundai Motor and LG Energy Solution Battery Plant..."Largest in Southeast Asia"

Two Days After Visiting Lotte Chemical Petrochemical Complex Construction Site

Joko Widodo (Jokowi), the President of Indonesia, visited the battery cell factory of the joint venture between Hyundai Motor Group and LG Energy Solution in Indonesia.

This visit came just two days after visiting the construction site of the Lotte Chemical petrochemical complex in Cilegon, Banten Province, West Java Island.

On the morning of the 14th (local time), President Jokowi, along with Minister of Investment Bahlil Lahadalia, Minister of Trade Zulkifli Hasan, and Lee Sang-duk, the Ambassador of Korea to Indonesia, visited the 'HLI Green Power' battery cell factory located in the Karawang Industrial Complex (KNIC) on the outskirts of Jakarta.

HLI Green Power is a joint venture in which Hyundai Motor Group and LG Energy Solution each hold a 50% stake, investing approximately 1.1 billion USD (about 1.5 trillion KRW).

President Jokowi toured the factory, which was completed in May, and remarked that it was "very fast" to have started trial operations in less than two years since groundbreaking. He had personally attended the groundbreaking ceremony of HLI Green Power in September 2021, even amid the COVID-19 pandemic.

President Jokowi said, "This is the first and largest battery cell factory in Southeast Asia," adding, "We can enter the global supply chain, and other countries will come to rely on our battery cells and electric vehicle batteries."

After touring the factory, he personally signed a produced battery cell and took commemorative photos with company employees.

Indonesian President Joko Widodo visited the HLI Green Power plant, a joint venture between Hyundai Motor Group and LG Energy Solution in Indonesia, on the 14th (local time) and signed a battery cell produced at the plant.
[Photo by Yonhap News]

President Jokowi’s visit to Korean companies in Indonesia was in response to a request from President Yoon Suk-yeol during the Korea-Indonesia summit held on the 8th. At that time, President Yoon asked President Jokowi to resolve difficulties faced by Korean investment companies and improve investment conditions.

The HLI Green Power battery cell factory is currently in trial operation and plans to begin full-scale battery cell mass production from April 2024 after a quality stabilization period. The production capacity is 10 gigawatt-hours (GWh) per year, enough for 150,000 electric vehicles.

Minister Bahlil said, "With future factory expansions, the annual production capacity will reach 30 GWh," and added, "We appreciate that the two companies have kept their investment promises and demonstrated this."

Hyundai Motor plans to complete a battery system factory, which began construction locally in May, next year. The factory will modularize battery cells produced by HLI Green Power with controllers and thermal management devices to manufacture battery systems, which will be installed in electric vehicles produced by Hyundai Motor’s Indonesian manufacturing subsidiary.

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