Hon Hai, IBC, Gogoro and Indika to Develop New Energy Ecosystem Project in Indonesia | Financial Buzz

Hon Hai, IBC, Gogoro and Indika to Develop New Energy Ecosystem Project in Indonesia

Hon Hai Technology Group (Foxconn Technology Group) has signed a memorandum of understanding with the Indonesian Ministry of Investment/BKPMM, Indika, IBC and Gogoro to develop a new energy ecosystem in Indonesia that focuses on electric battery, electric mobility and associated industries. 

Hon Hai, IBC, Gogoro and Indika will explore investment opportunities and enter a beneficial cooperation to set up the new energy ecosystem in Indonesia.  This includes electric battery manufacturing that entails battery cell, battery module and battery packs to develop 4-wheel and 2-wheel electric vehicle ecosystems.  “I am pleased with the investment plan of Hon Hai and Gogoro to Indonesia together with local partners. Their involvement does not only bring in capital, but also share with us their technology and experience, creating a modern and open new EV ecosystem. It will also provide huge opportunities for local talents and local startups to develop and participate in the national EV ecosystem in Indonesia and path the way for a smarter and more sustainable future,” said Mr. Bahlil Lahadalia, Minister of Investment.

“Hon Hai is excited to embark on the journey to transform the new energy ecosystem in Indonesia in cooperation with the local government, Gogoro, IBC and Indika. I believe the implementation of MIH platform, alongside our Build-Operate-Localize (BOL) strategy and manufacturing expertise will allow us to meet the market demand and create a sustainable new EV ecosystem in Indonesia” said Mr. Young Liu, Chairman of Hon Hai Technology Group.

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