South Korea’s Hyundai Motor is building a complete electric vehicle (EV) supply chain in Indonesia, a drive in line with the Southeast Asian nation’s policy of moving away from raw mineral exports and into more value-added production.
In early July, Hyundai LG Indonesia Green Power (HLI Green Power), a joint venture between Hyundai Motor and LG Energy Solution, announced the completion of a new factory in Karawang New Industry City, near Jakarta, the capital. It has since commenced production of EV batteries at the new facility.
The batteries will charge Hyundai Motor’s…
