Hyundai Expands Partnership with Indonesia in EV and Hydrogen Energy Sectors
Key Ideas
- Hyundai Motor Group deepens partnership with Indonesia in electric vehicles (EV) and hydrogen energy sectors.
- The group is currently working with the Indonesian government to build an EV ecosystem and expand manufacturing capacity in the country.
- Hyundai is the only EV manufacturer with a fully localized production system in Southeast Asia, aiming to establish its major automotive production hub in Indonesia.
- The Indonesian government is actively promoting EV development and offering incentives to create a complete EV ecosystem, attracting investments from Hyundai.
Hyundai Motor Group Executive Chair Chung Euisun has agreed to strengthen the partnership with Indonesia in the fields of electric vehicles (EV) and hydrogen energy. The collaboration was solidified during a meeting between Chung, Hyundai Motor CEO Chang Jae-hoon, and other executives with Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto. Hyundai is already actively engaged in building an EV ecosystem in Indonesia and aims to increase its manufacturing capacity in the country, with plans to produce over 250,000 vehicles annually. Hyundai's commitment to Indonesia is evident as it is the only EV manufacturer with a fully localized production system in Southeast Asia.
The Indonesian government's efforts to accelerate EV development by providing incentives and developing a roadmap have attracted Hyundai's interest. In addition to EVs, Hyundai is also collaborating with Indonesia to implement waste-to-hydrogen production solutions. The Indonesian government is keen on deepening ties with Hyundai, especially after the carmaker's investments and commitments in the country. Hyundai's expansion in Indonesia is a strategic move, as it aims to leverage the country's resources and government support to become a key player in the region's automotive and energy sectors. The partnership between Hyundai and Indonesia signifies a positive step towards sustainable mobility and energy solutions.