Jokowi Inaugurates Korean Electric Vehicle Battery Factory In Karawang

Indonesian President Jokowi (Photo: between)

JAKARTA - President Joko Widodo today inaugurated the factory and electric vehicle ecosystem of PT Hyundai LG Indonesia (HLI) Green Power in Karawang, West Java.

"By saying Bismillahhirrahmannirahim, today I inaugurate the South Korean battery and electric vehicle factory and eksosistm in Indonesia," said Jokowi, Wednesday, July 3.

In his remarks, Jokowi said that the inauguration of this factory was a new chapter in laying the milestone of Indonesia's commitment to becoming a global player in the EV cell battery ecosystem as well as electric vehicles.

It is said that the head of state, Indonesia has abundant natural resources but for decades it has only been exported in the form of raw materials and has no added value while Indonesian SDA materials are shrinking from day to day.

"But now with the construction of a smelter, the construction of our EV battery cell factory will become an important global player in the global supply chain for electric vehicles," Jokowi explained.

According to him, this is thanks to the vision and courage of the Chairman of Hyundai MotorGroup, Chung Euisun, who dared to execute this big project during the COVID-19 pandemic.

In the same camp, Jokowi emphasized that Indonesia must be able to enter as a global player in the supply chain EV.

"This one has started and this is the first and largest EV cell barterai factory in Southeast Asia. And I'm sure we can win our competition in other countries because the mines are here, the nickel is here, bauxite and copper are here. There are smelters, entering cathodes and precursors, then entering the battery EV. Who can block us if the conditions are very competitive like that?" Jokowi explained.

The inauguration of this battery factory was faced by several ministers in Joko Widodo's Advanced Indonesia Cabinet, including the Minister of Investment/Head of BKPM Bahlil Lahadalia, Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan and Presidential Chief of Staff (KSP) Moeldoko.