Indonesia to own largest EV battery plant in South-East Asia, factory owned by S. Korea's Hyundai and LG

Minister of Investment, Head of the Indonesia Investment Coordinating Board (BKPM) Bahlil Lahadalia (left) accompanies President Jokowi on a visit to the electric vehicle battery production facility owned by PT HLI Hyundai LG Indonesia) Green Power in Karawang, - Vietnam News/ANN

JAKARTA (Vienam News/ANN): Indonesian President Joko Widodo has announced that a battery plant for electric vehicles (EV) in Karawang, West Java, is expected to become the largest of its kind in South-East Asia.

The factory is jointly owned by two Korean firms, namely Hyundai and LG, and is operated through their joint venture, Hyundai LG Industry (HLI) Green Power.