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Ford joins PT Vale Indonesia and Huayou in Pomalaa nickel project; offtake agreement

Green Car Congress

PT Vale Indonesia Tbk and China’s Zhejiang Huayou Cobalt Co. announced an agreement with Ford Motor Co., creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable.

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Hyundai Motor and LG Energy Solution to establish 50:50 $4.3B battery cell manufacturing JV in US

Green Car Congress

Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the US. Hyundai Motor Group and LGES signed a memorandum of understanding to produce EV batteries in the US. Hyundai and LGES will each hold a 50% stake in the JV, which will involve an investment of more than US$4.3

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Hyundai Motor Group and LG Energy Solution begin construction of EV battery cell plant in Indonesia; 10 GWh to start

Green Car Congress

Hyundai Motor Group and LG Energy Solution have begun construction of an electric vehicle (EV) battery cell plant in Indonesia to secure leadership in the global battery electric vehicle (BEV) market. Furthermore, we expect Indonesia to play a key role in the ASEAN EV market. —Euisun Chung, Chairman of Hyundai Motor Group.

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Hyundai Motor Group and LG Energy Solution to build EV battery gigafactory in nickel-rich Indonesia

Green Car Congress

Hyundai Motor Group (the Group) and LG Energy Solution have signed a Memorandum of Understanding (MoU) with the Government of Indonesia to establish a joint venture (JV) in Indonesia to manufacture battery cells for BEVs. Under the MoU, Hyundai Motor Group and LG Energy Solution will invest a total of US$1.1

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Indonesia converted 10 motorcycles to electric under pilot project

Electric Vehicles India

Indonesia converted 10 motorcycles to electric under pilot project . Indonesia has launched a pilot project to convert combustion engine motorcycles into electric vehicles as part of its national drive to make the transportation more eco-friendly said the energy ministry. Many companies disclosed their investment in the country.

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Ford, LG Energy Solution, Koç Holding to form JV to build battery gigafactory in Turkey

Green Car Congress

Ford Motor Company, LG Energy Solution and Koç Holding signed a non-binding memorandum of understanding (MoU) to form a new joint venture subject to final agreement by all the parties to create one of Europe’s largest commercial electric vehicle battery cell facilities near Ankara, Turkey.

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Hyundai expands EV investment to parts and chips

Teslarati

Hyundai Mobis is Hyundai Motor Group and South Korea’s leading auto parts maker. Hyundai Motor Group is also investing in the development of materials to enhance EV performance. Yun added that Hyundai Mobis would be investing in automotive chips, expanding its supply chain of semiconductors.

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