Hyundai Motor has announced a plan to invest around $480 million in Malaysia over the next five years to enhance its production capacity in the Southeast Asian nation. The investment is geared towards upgrading its complete knockdown unit assembly plant in collaboration with local partner Inokom. The plant, currently manufacturing the older Santa Fe SUV model, is set to transition to producing Hyundai's multipurpose vehicle and the Staria minivan by mid-2025, with plans to include mid-to-large SUVs in the lineup. Production is expected to start at 20,000 units annually and gradually increase, targeting not only the Malaysian market but also other Southeast Asian countries. Additionally, Hyundai aims to support the development of Malaysia's electric vehicle ecosystem, including the expansion of EV sales, charging infrastructure, and battery production facilities, with a focus on promoting economic and social growth in the region through job creation and talent development. Furthermore, Hyundai Motor Group's chief has hinted at potential collaboration with Toyota Motor in the hydrogen-powered mobility sector, highlighting a positive approach towards future partnerships in this field. Hyundai currently offers hydrogen fuel cell electric vehicles and is exploring further advancements in this area.