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Hyundai Motor Company has inaugurated Hyundai Motor Manufacturing Indonesia, its first factory in Southeast Asia, located 40 kilometres east of the capital city of Jakarta. The new plant will produce EV models such as IONIQ 5 battery electric vehicle (BEV).
The IONIQ 5 is Hyundai’s first dedicated BEV model produced in Southeast Asia.
Hyundai plans to invest in the plant amount of around USD 1.55 billion and the production capacity is due to be increased to 250,000 units.
The ceremony was attended by President of the Republic of Indonesia, Joko Widodo, and Executive Chair of Hyundai Motor Group, Euisun Chung.
The company is also working with LG Energy Solutions to build a battery cell factory in Karawang, Indonesia, targeted for completion in the first half of 2023 and starting production in 2024.
Euisun Chung, Executive Chair of Hyundai Motor Group, says: “Indonesia is a key hub for Hyundai Motor’s future mobility strategy. This plant will play a key role in the automotive industry and specifically in the field of electric vehicles. Moreover, Hyundai will keep contributing to the establishment of the electric vehicle ecosystem in Indonesia through the battery cell plant currently under construction. This will further help support Indonesia to play an important role in the global landscape. We hope Hyundai’s future technologies will be the foundation of greater collaboration with Indonesia.”
“Today, I inaugurate and launch Hyundai Motor Manufacturing Indonesia’s plant and the first IONIQ 5 electric car produced in Indonesia,” states Joko Widodo, President of the Republic of Indonesia. “I hope that this IONIQ 5 from Hyundai will become an important milestone in the development of Indonesia’s electric vehicle ecosystem, and to further accelerate the electric car ecosystem that is more advance.”
Established in 1967, Hyundai Motor Company offers a range of world-class vehicles and mobility services in more than 200 countries.