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Korea looks to Indonesia to bolster EV and battery supply, aims to reduce dependency on China

South Korea is turning towards Indonesia to bolster its supply chain for EV batteries and components in a bid to reduce its heavy dependency on China.

Hyundai, LG chiefs visit Indonesia to bolster EV, battery partnerships

Following President Yoon Suk Yeol’s visit to Indonesia for the South Korea-Association of Southeast Asian Nations summit, South Korean conglomerates’ chiefs embarked on a business trip to the emerging country to boost cooperation on electric vehicles and construction projects, industry sources said Thursday. Business leaders including Hyundai Motor Group Executive Chair Chung Euisun, LG Group Chairman Koo.

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