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Hyundai-LG EV Battery Plant Completed This Year

Toyota

Thu 01 Feb 2024, 12:00 PM

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The Ministry of Energy and Mineral Resources of the Republic of Indonesia (ESDM) stated that the construction of the factory battery electric vehicles (electric vehicles/EV) by Hyundai Motor Group and LG Energy Solution is nearing completion.

This means that in the near future, Indonesia will start production of its first EV battery. The type of the battery is based on nickel-manganese-cobalt (NMC).

"The battery factory is almost finished. Production will start this year," said the Special Staff of the Minister of Energy and Mineral Resources for the Acceleration of Industrial Development of the Energy and Mineral Resources Sector, Agus Tjahajana Wirakusumah, Friday (1/26/2024).


Illustration of PT ATN Indonesia Mineral

According to Agus, in terms of development progress, the battery factory in Karawang has reached 95 percent. He also hopes that, in April 2024, the factory can operate soon.

Previously, Indonesia Battery Corporation (IBC) targeted starting its first battery production in 2024 at 10 gigawatt hours (GWh).

The project, worth 8 billion US dollars (US), or around IDR122 trillion, will gradually run until it can finally produce 50 GWh in 2034.

"In 2024, we will have the first 10 GWh for automotive. This is in collaboration with Hyundai; it is ready to operate with LG in Karawang, West Java," said IBC Director Toto Nugroho in the RDP event with Commission VII DPR RI, Jakarta, Monday (11/27/2023).


Illustration of LG Energy Solution electric car battery factory

Furthermore, Toto said his party is also preparing the construction of an exchange station electric vehicle battery general (SPBKLU) of around 5,000 units.

This step is carried out in order to achieve the new renewable energy (EBT) mix target of 13 percent by 2024.

"In 2034, Indonesia will have produced around 50 GWh of batteries. This is for two and four wheels and for energy storage systems (ESS) as it is very important to support the development of EBT," he said.

Image source: Toyota

Source: www.otomotif.kompas.com/Pembangunan Pabrik Baterai EV Hyundai-LG Rampung Tahun Ini

Image source: Toyota

Source Link: https://otomotif.kompas.com/read/2024/01/27/124200215/pembangunan-pabrik-baterai-ev-hyundai-lg-rampung-tahun-ini#google_vignette

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