Easy Car News Hyundai Motor's Indonesia plant was inaugurated, which is Hyundai Motor's first plant in Southeast Asia. Construction of the plant was completed in December last year, with an initial production capacity of 150,000 units. In the future, we will continue to invest USD 1.55 billion and have an annual production capacity of 250,000 units.
It is reported that the Indonesian government is promoting an ecosystem solution to replace 130,000 government vehicles with pure electric vehicles by 2030, and Hyundai Will contribute to this vision and establish a sound electric vehicle system.
The new plant will produce not only strategic models such as the CRETA SUV, but also the latest pure electric models such as the IONIQ 5. At the same time, this move will further layout Hyundai Motor's Southeast Asian market.
In addition, Samsung Electronics, in cooperation with LG Energy Solutions, plans to build a battery plant in Indonesia, which is expected to be completed in the first half of 2023 and put into operation in 2024. The batteries it produces will serve hyundai's Indonesian market and significantly reduce costs.