An export credit untied financing facility for HLI Green Power’s new electric vehicle (EV) battery manufacturing facility in Karawang, Indonesia. This is a landmark development in the market as it is the first EV battery plant in South-East Asia and marks a positive industrial step-up in this sector in the most populous country in the region.The project is for a 10GW per annum EV battery production facility in its initial phase (enough to power 150,000 electric vehicles) in 2024, with the site having capacity to increase up to a 30GW facility.The facility is the first Korean ECA supported EV battery sector transaction. The transaction is also the inaugural EV battery manufacturing facility in Indonesia, home to the world's largest Nickel reserve and represents the country's first step towards becoming an EV battery hub.