Sunday, September 24, 2023

Hyundai begins building EV battery assembly plant in Cikarang Bekasi

Reading Time: 2 minutes
Intelligence Author


Mahinda Arkyasa



PT Hyundai Energy Indonesia held a groundbreaking ceremony for its electric vehicle assembly plant located in the Greenland International Industrial Center (GIIC) in Cikarang Bekasi Regency on Wednesday (31/5). The plant is scheduled to start operations in March 2024.

The groundbreaking ceremony was attended by the South Korean Ambassador to Indonesia, Lee Sang Deok, and the board of directors of PT Hyundai Energy Indonesia.

Production goals and expansion plans

Hyundai Energy aims to produce 21,000 units of battery system assembly (BSA) per year. With an initial investment of US$60 million, the company plans to scale up production to 50,000 BSA units in the subsequent year.

The plant will manufacture batteries with a capacity of 65 kWh, incorporating advanced features such as battery control devices, safety mechanisms, and protection systems. 

Operating with one production line and two modules, the plant will have a production capacity of 1.4 GWh until 2024.

Hyundai, however, has ambitious plans to expand its production capabilities. In the near future, the South Korean automaker intends to introduce an additional production line, boosting the overall production capacity to 5 GWh.

Indonesia as Hyundai’s battery production hub in ASEAN

Hyundai Energy President Director Changoug Hong said that the establishment of the electric vehicle battery assembly plant in Indonesia solidifies the country’s role as the primary hub for Hyundai Motor Group’s electric vehicle battery production in the ASEAN region.

Spread across an area of 32,188 square meter, the battery plant will serve as the production hub for battery systems specifically designed for locally manufactured battery electric vehicle (BEV) models.

These products are expected to penetrate the Southeast Asian market by 2024. The components will be optimized with two types of battery cells: standard capacity and large capacity, enabling longer driving ranges.

Hyundai Motor Group has also engaged Hyundai Mobis, a company specializing in global automotive electrification. Hyundai Mobis will provide EV PE (Power Electric System), which serves as the cornerstone of electric vehicle technology.

Intelligence Author


Mahinda Arkyasa




We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.


International oil companies, Repsol and ExxonMobil Indonesia, are exploring business opportunities in the field of carbon capture and storage (CCS) services within Indonesia’s oil and gas sector. This move aligns with the discovery of favorable carbon storage capacities.
The Minister of Cooperatives and Small and Medium Enterprises, Teten Masduki, revealed that around 70% of the income of the logistics industry has plummeted. Teten suspects that this decline is driven by the influx of illegal textile imports into the country through online or e-commerce platforms.
Entrepreneurs in the geothermal sector have revealed that the growth of installed capacity for geothermal power plants (PLTP) in Indonesia remains sluggish, currently reaching only 40 MW per year. Several challenges are seen as hindrances to the expansion of this clean energy source.
Amman Mineral Nusa Tenggara (AMNT), a subsidiary of PT Amman Mineral Internasional Tbk (AMMN), has entered into a preliminary agreement with PT Pertamina.
The Ministry of Energy and Mineral Resources (ESDM) has announced the offering of Phase III Oil and Natural Gas Working Areas (WK Migas) for the year 2023. These three oil and gas blocks are all located in the Papua region.
Under the umbrella of BUMN Holding Industri Pertambangan MIND ID, one of its members, PT Aneka Tambang Tbk (Antam), has successfully initiated the East Halmahera Feronickel Plant project. This endeavor reached a significant milestone with the inaugural “first metal tapping” process on September 12, 2023.