Korea, Indonesia Join Forces To Develop EV Ecosystem
Indonesian officials and business leaders announced its support to boost the electric vehicles (EV) ecosystem in the Southeast Asian country through a collaboration with South Korea.
“The collaboration is very important because you (Korea) have very good technology on the lithium battery,’’ said Coordinating Minister of Maritime Affairs and Investment Of Indonesia, Luhut Binsar Pandjaitan during the recent business forum held on Friday (March 24).
He further added ‘’By 2027, we are hopefully going to be the largest lithium battery producer globally.”
The Indonesian government further claims that the nation has decided to provide tax breaks of up to 11% for people who want to buy electric vehicles (EV). According to the reputable online source, it indicates 280 million people living in Indonesia, and every year, 1 million cars are sold there.
“In step with the Indonesian government’s direction of the mid- to long-term eco-friendly and energy policies, Hyundai Motor is putting efforts across all sectors of the EV ecosystem to support the Indonesian EV industry,” said Executive Vice President At Hyundai Motor Group, Lee Young-Tack.
Photo credits to Korea Times
Aptly, Hyundai reported to become the largest EV maker in Indonesia with the successful Ioniq 5 being produced at its local plant there.
According to The Korea Herald, after 2,500 EVs sold last year, the carmaker aims to bolster its EV sales to 10,000 units this year which sees a practical movement to further extend the gap with global rivals such as Tesla and Lexus.
Separately, aside from discussing the development of the EV ecosystem in Indonesia, both parties are also looking at a new project which involves building 100 units of Hyundai EVs that will be outfitted with traditional Indonesian dyeing technique called “batik” for its cabin space.
Written By
Jesica Sendai
from 9 to 5 grinder to 'racing' her way in the automotive industry through editorial work.
JPJ Running Numbers
KUALA LUMPUR
VPR3137
SELANGOR
BSH5485
JOHOR
JYG2672
PULAU PINANG
PRT7479
PERAK
APA9066
PAHANG
CFD3937
KEDAH
KGC1536
NEGERI SEMBILAN
NEG9407
KOTA KINABALU
SJM4706
KUCHING
QAB1086M
Last updated 03 Sep, 2025
Fuel Price
Petrol
RON 95
RM 2.05
RON 97
RM 3.16
+0.03
RON 100
RM 5.00
VPR
RM 6.23
Diesel
EURO 5 B10
RM 2.88
+0.03
EURO 5 B7
RM 3.08
+0.03
Last updated 28 Aug, 2025
Related News
Hyundai Will Only Sell EVs In Norway From Next Year
Hyundai has confirmed that it would only sell fully electric vehicles in the Norwegian market from January 1st, 2023. This makes Norway the world's first EV-only market for Hyundai.
30-12-2022
Hyundai Malaysia Teases the Ioniq 6 EV – Launching Soon?
Hyundai Malaysia’s video teaser unveils a slew of upcoming models, including the Ioniq 6 EV sedan. Launching soon?
28-12-2022
Hyundai to Supply Eco-Friendly Vehicles for World Cup 2022 Qatar
Hyundai is poised to supply eco-friendly vehicles consisting of 236 hybrids and full EVs for this year’s FIFA World Cup happening in Qatar.
21-10-2022
Highlighting Its Modern And Digital Outlook, Hyundai Presents The Upgraded 2023 Ioniq 5
The brand’s highly successful and award-winning fully-electric midsize CUV, Hyundai Motor presents the Ioniq 5, upgraded with new features to better the driving experience.
01-04-2022
WRC Possibly Set For Racing Return In Indonesia By 2026 Earliest
Neighbouring Indonesia announces bid to host a round of the World Rally Championship (WRC) as early as 2026.
20-01-2025
GIIAS 2024: Hyundai Inoiq 5 N Set For CKD In Indonesia
Hyundai Inoiq 5 N EV hot hatch set for local assembly (CKD) in Indonesia this year alongside new Kona Electric crossover.
18-07-2024
Stellantis Pulls Peugeot Brand Out Of Indonesia After 52 Years
Stellantis officially pulls Peugeot brand out of Indonesia after 52 years, says move is part of regional growth plan.
06-05-2024
Indonesia – Localised Battery Production Will Cut EV Prices By 30%
Indonesia plans to bring down EV prices by 30% thanks to localised production of batteries.
16-04-2024
Latest News
New VW ID.3-Rivalling Leapmotor Lafa 5 EV Hatch Teased
Stellantis-backed Leapmotor teases upcoming new Lafa 5 EV hatch that’s poised to rival the VW ID.3.
02-09-2025
Fairness Of ANCAP Tests Called Into Question By Honda
Australian arm of Japanese automaker Honda reportedly calls into question the fairness of ANCAP tests.
02-09-2025
Report: VW Golf R Set To Gain 5-cyl Heart
Manic VW Golf R super-hatch reportedly set to gain new anniversary special version with 5-cyl heart from Audi RS3.
29-08-2025
Chery Tiggo 7 & 8 CSH PHEV Launched in the UK – Malaysia Soon?
The UK became one of the first RHD markets to launch the Chery Tiggo 7 & 8 CSH PHEV SUVs. Malaysia next?
29-08-2025
BYD Shark 6 Sale In Thailand Cancelled Due To Low Demands
Electrified BYD Shark 6 pick-up truck sale in Thailand cancelled due to low demands – just 153 bookings placed, not 500 as initially hoped.
29-08-2025
Second-Gen Volkswagen T-Roc Bows In with Marque’s First Full-Hybrid System
The all-new, second-gen VW T-Roc bows in, featuring striking design and the marque’s first-ever full-hybrid system.
28-08-2025
Volvo XC70 Returns as a Long-Range PHEV SUV for China & Europe
The all-new Volvo XC70 breaks cover as the brand’s first long-range PHEV, bound for China and eventually Europe.
28-08-2025
Face-lifted Third-Gen Peugeot 308 Revealed
Third-gen Peugeot 308 hatch and estate get refreshed with dramatic new look plus battery updates and added range for EV and PHEV variants.
27-08-2025
Show More
trending_flat