Hyundai Motor, LG Energy Solution break ground for $1.1 bn EV battery plant in Indonesia
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
Hyundai Motor and LG Energy Solution announced Wednesday that they held a virtual ground-breaking ceremony for the battery cell factory in Indonesia Karawang Industrial City, near Indonesian capital of Jakarta.
Korea’s top automaking group and battery maker inked a memorandum of understanding (MOU) with the Indonesian government in July to form a 50-50 joint venture to produce EV battery cells in the country. They agreed to invest $1.1 billion in the JV.
Plant construction will begin in the fourth quarter on a 330,000-square-meter area and be completed by the first half of 2023. Mass production is expected to start in the first half of 2024.
“Hyundai Motor Group is focusing its capabilities on becoming a global leader in the EV market, which is the key to securing future competitiveness. The plant is a part of these efforts,” said Chung Euisun, Chairman of Hyundai Motor Group. “Starting with this plant, an EV ecosystem will be successfully established in Indonesia with the development of various related industries. Furthermore, we expect Indonesia to play a key role in the ASEAN EV market.”
“Today marks a significant step in starting a new era of the EV battery industry in Indonesia, with the establishment of its first battery cell manufacturing plant in the country,” said Kim Jong-hyun, President and CEO of LG Energy Solution. “Through the joint venture partnership, together, we are now a step closer to establishing the world’s first EV comprehensive supply chain.”
[ㄏ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- ETRI develops technique to make microLED TVs up to 20 times cheaper - Pulse by Maeil Business News Korea
- SK E&S to build hydrogen charging station and production facility at Yeosu harbor - Pulse by Maeil Business News Korea
- Hyundai’s mini SUV Casper pre-orders sold out on the first day - Pulse by Maeil Business News Korea
- Hanwha Systems to set up a JV on self-driving vehicle components - Pulse by Maeil Business News Korea
- KHNP argues for greater nuclear reactor role to achieve zero carbon goal - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 자만추 NO! 앱만추 시대! 데이팅 앱, 에브리띵 [스페셜리포트]
- ‘음주 운전’ 김새론, 연극 ‘동치미’ 하차...연기 복귀 노렸지만 ‘부정적 여론’에 무산 - MK
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이