Hyundai Motor Group Expands Hydrogen Projects in Indonesia with High-Level Meeting in Seoul
Key Ideas
- Hyundai Motor Group Chairman Chung Eui-sun discussed hydrogen projects with Indonesian Economic Cooperation Minister in Seoul, focusing on waste utilization and electric vehicle production.
- Indonesia offers incentives for electric vehicle development, making it an attractive investment opportunity for Hyundai. Collaboration includes plans for electric vehicle and battery cell plants.
- Hyundai Motor Group sees Indonesia as a strategic hub in Southeast Asia due to its large population and potential growth in the automotive market, with investments already underway in finished car and electric vehicle production plants.
- The Group is also partnering with LG Energy Solution to build a battery cell plant in Indonesia, emphasizing its commitment to sustainable energy initiatives in the region.
Hyundai Motor Group Chairman Chung Eui-sun held a high-level meeting in Seoul with Indonesian Economic Cooperation Minister Irlanga Hartarto to discuss hydrogen projects and collaboration in electric vehicle production. The meeting highlighted Indonesia's roadmap for electric vehicle development and the government's support through incentives. Both parties agreed on investment plans, including establishing finished car and battery cell plants. Indonesia's strategic importance in Southeast Asia was emphasized, with Hyundai already operating a finished car production plant and manufacturing electric vehicles in the country. Additionally, Hyundai is strengthening its sustainable energy initiatives by partnering with LG Energy Solution to build a battery cell plant in Indonesia. The expansion of hydrogen projects and investments in Indonesia reflect Hyundai's commitment to sustainable business strategies and technological advancements in the region.
Topics
Asia
Investment
Electric Vehicles
Sustainable Energy
Economic Development
Indonesia
Hyundai Motor Group
Business Cooperation
Latest News