Hyundai breaks ground on battery cell plant in Indonesia

Hyundai Motor Group and LG Energy Solution Ltd. have began construction of an electric vehicle battery cell plant in Indonesia to secure leadership in the global Battery Electric Vehicle (BEV) market.

Participants from the Indonesian side at the ground breaking ceremony included President Joko Widodo, Investment Minister Bahlil Lahadalia, and Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan. Hong Woo-pyeong, CEO of Battery Cell joint venture and Youngtack Lee, Head of Asia-Pacific headquarters at Hyundai Motor Company, also attended the ceremony.

The new battery cell factory will be built on a 330,000sqm parcel of land. Plant construction will be completed by the first half of 2023. Mass production of battery cells in the new facility is expected to commence in the first half of 2024. When fully operational, the facility is expected to produce a total of 10GWh worth of lithium-ion battery cells every year, enough for more than 150,000 BEVs. In addition, the facility will be ready to increase its production capacity up to 30GWh to meet the growth of future BEV needs.