Hyundai Mobis Constructs New Battery Plant in Indonesia

• Hyundai Motor Group has invested an overall of $60 million (KRW 80 billion) on the new EV committed battery system plant.
• The plant in Indonesia is anticipated to offer a solid ground to Hyundai Mobis for its international electrification company targeting the ASEAN.

South Korean auto supplier Hyundai Mobis has started the building and construction of a new EV devoted battery system plant in Indonesia that will certainly be completed by the very first fifty percent of 2024. It stated that it intends to set Indonesia as a beachhead as the nation is emerging as the heart of the ASEAN market, and also catapult to being a leader of the electrification ecosystem, which include cells, battery systems, and OEMs.

For the plant, Hyundai Motor Group has actually invested a total amount of $60 million (KRW 80 billion) on an acreage of regarding 33,000 square meters. The battery systems will certainly be provided initially to flagship EV models slated to be launched in Southeast Asia following year.

Hyundai Mobis holds fifty percent of the risk (Hyundai Mobis 25%, Hyundai Motors 15%, Kia 10%) in Hyundai Motor Group's overall investment in HLI Green Power, a joint battery cell endeavor presently being developed near the firm's local plant.

The groundbreaking ceremony for the battery system plant in Bekasi, West Java near Jakarta was organised. The battery system plant in Indonesia is anticipated to offer a solid footing to Hyundai Mobis for its worldwide electrification company targeting the ASEAN. The Indonesian government is also speeding up initiatives to secure management in the EV market.

Hyundai Mobis will utilize battery cells supplied by a joint battery cell venture, HLI Green Power, and will transform them right into components that include a controller as well as a warmth controller. They will after that be provided to international automakers as big battery systems allowing the company to play a role in the EV ecosystem.

Oh Heung-sub, Senior VP of Electrification, Hyundai Mobis, thanked Indonesian Government for their support saying, "Hyundai Mobis will come to be a partner for Indonesia as well as will certainly play a critical role in developing the EV ecosystem."

With the rise of the ASEAN market, it looks for to increase and also establish the Indonesian plant right into a lasting strategic base efficient in accommodating major consumers worldwide.

Hyundai Mobis is presently creating EV parts, including battery systems, not just in Korea, however also in Europe-- generally Czech Republic and also Slovakia. In October last year, the company revealed a plan to spend $1.3 billion by 2030 in a bid to increase the electrification manufacturing base in North America.