JakartaGlobe-Dec 16

Hyundai will start producing electric cars in Indonesia in March 2022 while admitting that it’s going to be a big gamble to enter a segment not familiar to local buyers. The South Korean company completed the construction of its $1.5 billion assembly plant in the West Java town of Cikarang earlier this year and began production in May. The factory is currently developing two models of conventional gasoline cars, those with internal combustion engines (ICE).

“We plan to build electric cars in March at our assembly plant in Cikarang based on our Ioniq 5 model which enjoys good market reception in South Korea and already enters European markets as well,” Lee Kang Hyun, the Chief Operating Officer of Hyundai Motor Asia Pacific. Despite the challenging conditions, Hyundai Indonesia managed to sell more than 500 units of Kona and Ioniq electric cars imported from South Korea year to date, he added. Hyundai will need support from the Indonesian government to expand electric car markets next year when local production begins. Read more at:

https://jakartaglobe.id/business/hyundais-indonesian-plant-to-build-electric-cars-in-march