Hyundai Mobis builds battery system plant in Indonesia

South Korean automobile parts maker Hyundai Mobis has begun constructing a new electric vehicle (EV) battery system plant in the Deltamas industrial complex near Indonesia's capital Jakarta.

The plant will turn battery cells that will be supplied by HLI Green Power — a joint venture between South Korean conglomerate Hyundai and battery manufacturer LG Energy Solution in Indonesia — into modules that can be supplied to global automakers as their large battery systems. Hyundai Mobis is planning to supply the battery systems to "flagship EV models" that will be released in southeast Asia next year, according to its announcement on 1 June.

The plant is likely to be completed in the first half of 2024. Hyundai Mobis did not disclose the output capacity of the plant.

Hyundai last year said that it planned to invest around $2.23-3bn (2.95trillion-3.97trillion South Korean won) to develop semiconductors, software and autonomous driving products through its subsidiary Hyundai Mobis.

By Joseph Ho