The Coordinating Ministry for Economic Affairs recently conducted a site visit to the PT HLI Green Power production facility in Karawang, West Java, to promote a green and sustainable economic transition and accelerate the development of the national electric vehicle (EV) industry. The Deputy Coordinator for Economic Digital Cooperation at the Coordinating Ministry stated that the company's facility is one of the largest and most strategically important EV battery manufacturing structures in Indonesia. The visit aimed to gain firsthand insight into the readiness of the EV battery ecosystem developed by the company.
As a joint venture between Hyundai Motor Group and LG Energy Solution, the company has invested US$1.2 billion, with an annual production capacity of 10 GWh, sufficient to meet the needs of 150,000 electric vehicles. The visit is also part of the government's efforts to strengthen the integrated implementation of upstream and downstream segments of the EV battery project. This project is highly strategic for driving global investment, technological development, and creating job opportunities in the new and renewable energy sector.
From an economic perspective, the national EV battery industry is expected to generate significant added value for the Indonesian economy, creating export opportunities, enhancing the trade balance, and producing multiplier effects on the growth of supporting industries—from nickel mining to electronic components. The CEO of HLI Green Power expressed gratitude for the government's support and introduced the various types of batteries produced at the facility. All parties hope this collaboration will strengthen the long-term partnership between Indonesia and South Korea in the fields of renewable energy and environmentally friendly technology. Teams from the Coordinating Ministry for Economic Affairs and representatives from Hyundai also attended the event.
The Coordinating Ministry for Economic Affairs recently conducted a site visit to the PT HLI Green Power production facility in Karawang, West Java, to promote a green and sustainable economic transition and accelerate the development of the national electric vehicle (EV) industry. The Deputy Coordinator for Economic Digital Cooperation at the Coordinating Ministry stated that the company's facility is one of the largest and most strategically important EV battery manufacturing structures in Indonesia. The visit aimed to gain firsthand insight into the readiness of the EV battery ecosystem developed by the company.
As a joint venture between Hyundai Motor Group and LG Energy Solution, the company has invested US$1.2 billion, with an annual production capacity of 10 GWh, sufficient to meet the needs of 150,000 electric vehicles. The visit is also part of the government's efforts to strengthen the integrated implementation of upstream and downstream segments of the EV battery project. This project is highly strategic for driving global investment, technological development, and creating job opportunities in the new and renewable energy sector.
From an economic perspective, the national EV battery industry is expected to generate significant added value for the Indonesian economy, creating export opportunities, enhancing the trade balance, and producing multiplier effects on the growth of supporting industries—from nickel mining to electronic components. The CEO of HLI Green Power expressed gratitude for the government's support and introduced the various types of batteries produced at the facility. All parties hope this collaboration will strengthen the long-term partnership between Indonesia and South Korea in the fields of renewable energy and environmentally friendly technology. Teams from the Coordinating Ministry for Economic Affairs and representatives from Hyundai also attended the event.