Ford, Hyundai in talks with Indonesia for EV investments

Updated Oct 25, 2022 | Same topic: Automotive Industry Updates

The two carmakers are pursuing their respective EV-related joint ventures. 

The Indonesian government is reportedly holding discussions with Ford Motor Company of the U.S. and Hyundai of South Korea over potential investments in electric vehicles (EVs). 

Ford headquartersFord is one of the automakers holding discussions with the Indonesian government over EVs  

According to a Reuters article, Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto said that talks with the two automakers are centering on establishing EV-related operations in the Southeast Asian nation. He made the remarks in front of an audience at the Center for Strategic and International Studies in Washington, D.C. Thursday. 

In July 2022, Ford signed a non-binding memorandum of cooperation with nickel miner Vale Indonesia and Zhejiang Huayou Cobalt of China to build a factory in Indonesia for extracting nickel chemicals. 

Meanwhile, Hartarto adds that Hyundai has brought battery maker LG Energy Solution to the table in meeting with Indonesia for battery and EV investments. The two companies have formed a partnership to build an EV battery manufacturing facility in Karawang.   

Hyundai Indonesia plant
Hyundai recently inaugurated its first production facility in the ASEAN region 

“We have raw materials for EV battery technologies,” he said, adding that the country’s large supplies of nickel along with its semiconductor production capacity will be able to support the needs of the U.S. auto industry. Indonesia is one of the world’s largest producers of nickel, an important raw material in producing EV batteries.  

In March this year, Hyundai officially inaugurated a new manufacturing plant at the Deltamas Industrial Complex in Indonesia, the automaker’s first production facility in ASEAN. Built at a cost of $1.5 billion (over Php 88.1 billion), the factory will be used to mass-produce EVs and is touted to play a key role in expanding Hyundai’s reach in the region. 

Japanese automaker Toyota has its own plans of investing $1.8 billion (Php 106 billion) over the next five years in Indonesia to produce EVs, according to the country’s economics ministry. Indonesia aims to sell electric cars and motorcycles exclusively by 2050 as part of efforts to reduce carbon emissions.       

Find out more about efforts by automakers towards sustainable mobility at

Know more about Ford


As of 2023, Ford Philippines has a total of 10 models. This includes the Ford EcoSport subcompact crossover, the Territory compact crossover, the Explorer midsize crossover, the Everest midsize SUV, the Expedition fullsize suv, the Ranger and Ranger Raptor midsize pickup trucks, the F-150 fullsize pickup truck, the Transit van, and the Mustang sports coupe. 

Besides the updated Ford price list Philippines 2023, Philkotse also hosts a list of the hottest car promos for the said brand. This includes low monthly payment promos, low downpayment promos, and cash discount promos.  

Joseph Paolo Estabillo

Joseph Paolo Estabillo


Joseph holds a degree in Journalism from the University of the Philippines Diliman and has been writing professionally since 1999. He has written episodes for CNN Philippines' motoring show Drive, and has worked on corporate projects for MG Philippines and Pilipinas Shell. Aside from being’s Content Lead, he also writes content for numerous car dealerships in the U.S., spanning multiple brands such as Alfa Romeo, Chrysler, Dodge, Jeep, and Maserati, among others.


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