Did LG Chief Inspect EV Transition Efforts at Indonesia Battery Plant?
Click to start listening
Synopsis
In a strategic move, LG Group's Chairman Koo Kwang-mo inspected Indonesia's battery manufacturing facilities, emphasizing the company's commitment to overcoming challenges in the electric vehicle market. This visit not only highlights LG's efforts to enhance its competitive edge but also its focus on collaboration and innovation in the evolving landscape of EV production.
Key Takeaways
- Koo Kwang-mo emphasizes competitiveness in EV production.
- Indonesia's first EV battery cell plant is a significant milestone.
- Collaboration with partners is crucial for navigating market challenges.
- LG aims to leverage growth in emerging markets.
- Research and production integration enhances operational efficiency.
Seoul, June 9 (NationPress) Chairman Koo Kwang-mo of LG Group made a visit to Indonesia this month to evaluate the company’s battery production and research initiatives, as reported by the group on Monday. This visit highlights LG’s commitment to bolstering its competitiveness during a temporary slump in global electric vehicle (EV) demand.
As per group representatives, Koo explored the production facilities of Hyundai LG Indonesia Green Power, a collaborative venture between LG Energy Solution and Hyundai Motor Group, situated near Jakarta, earlier this month, according to reports from Yonhap news agency.
The facility spans 320,000 square meters and boasts an annual capacity of 10 gigawatt-hours, marking it as Indonesia's inaugural EV battery cell plant and a crucial element of LG's global battery manufacturing network.
During his visit, Koo urged employees to concentrate on securing distinct competitiveness for LG's batteries, especially in relation to global competitors, stressing the significance of close cooperation with partners to navigate the slowdown in global EV demand.
Additionally, Koo visited LG Electronics' production and research complex in Cibitung, West Java, where items such as TVs, monitors, and signage systems are produced.
Since launching a local research unit next to the Cibitung facility in 2023, LG Electronics has created an integrated foundation that links research, production, and sales operations, using it as a hub to target the broader Southeast Asian market, as mentioned in the report.
At the Jakarta sales office of LG Electronics, Koo met with local executives to discuss customer requirements, distribution trends, and competitive dynamics in Southeast Asia.
The leading company has intensified efforts to seize growth opportunities in the Global South, which encompasses India, Indonesia, Latin America, the Middle East, and Africa, aiming to leverage the economic momentum in these emerging markets, according to the report.
Point of View
LG's efforts in Indonesia signify a proactive approach to adapting to the global EV market's fluctuations. The emphasis on research and local partnerships reflects a broader strategy to ensure sustainable growth and resilience in emerging markets, aligning with national interests in fostering technological advancements and economic development.
NationPress
15/07/2025
Frequently Asked Questions
What prompted Koo Kwang-mo's visit to Indonesia?
Koo Kwang-mo's visit aimed to inspect LG's battery manufacturing and research operations amid a temporary slowdown in global electric vehicle demand.
What is the significance of the Hyundai LG Indonesia Green Power facility?
This facility is Indonesia's first EV battery cell plant and plays a crucial role in LG's global battery production network.
How does LG plan to address the slowdown in EV demand?
Koo urged employees to focus on securing differentiated competitiveness and emphasized collaboration with partners.
What products are manufactured at the LG Electronics complex in West Java?
The complex produces a range of products, including TVs, monitors, and signage systems.
What markets is LG targeting for growth?
LG is focusing on growth opportunities in the Global South, including India, Indonesia, Latin America, the Middle East, and Africa.
