Indonesia Opens First EV Battery Plant to Boost Global Supply Chain

Hyundai and LG's $1.1 billion facility aims to leverage Indonesia's rich nickel resources for affordable electric vehicles.

The plant has an annual capacity of 10 GWh, enough to power over 150,000 EVs.
Indonesia produces nearly half of the world's nickel, a crucial material for EV batteries.
The facility is part of a broader $9.8 billion investment in Indonesia's EV supply chain.
Hyundai's new Kona Electric will be the first vehicle powered by the plant's batteries.
Indonesia aims to build 600,000 EVs annually by 2026 to achieve carbon neutrality.