The country, which is the region’s largest economy and home to the largest nickel reserve in the world, has been seeking to position itself as a key player in the global electric vehicle supply chain.
“But now with smelters being built, with the electric vehicle battery cell being built, we will become an important global player in the global supply chain for electric vehicles.” It will produce batteries for Hyundai’s electric vehicles, with 50,000 of its Kona Electric SUV expected to be powered by the Indonesian-made battery.Joint venture company PT HLI Green Power is expected to spend $2 billion to raise the plant’s capacity to 20 GWh.
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