Acceleration across the EV value chain

Indonesian efforts to reduce reliance on fossil fuels and develop domestic production of battery energy storage materials and components are picking up pace, despite a slow start. And as Sorta Caroline reports, some of the raw materials are in place for success in Southeast Asia.

Issue 09 – 2022

Sung Hwan Cho, President and CEO of Hyundai (left, standing) and Jong Hyun Kim, President and CEO of LG Energy Solutions, are joined virtually by Bahil Lahadalia, investment minister of Indonesia (left, on screen), and Totu Nugroho, president of Indonesia Battery Corp., for the signing of an agreement to establish battery cell manufacturing in Indonesia.

Image: Hyundai

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