SEOUL, Oct. 25 (Yonhap) – South Korea’s largest automaker, Hyundai Motor Co., on Monday announced that it will help Indonesia build infrastructure for electric vehicles as part of the its expansion strategy.
Hyundai Motor Group Chairman Euisun Chung said the company will help Indonesia activate the electric vehicle ecosystem and make the electric vehicle industry a future growth engine.
“Hyundai plans to participate in Indonesian government programs to develop electric vehicle infrastructure and utilize used car batteries in terms of technology,” Chung said at a ceremony attended by Indonesian President Joko Widodo at the center of Jakarta International Expo congress.
Hyundai showcased its electric models such as the electrified Genesis G80 sedan, the IONIQ 5 equipped with the group’s electric-only global modular platform (E-GMP) at the “Future EV Ecosystem for Indonesia” event in Jakarta.
Hyundai plans to introduce the IONIQ 6 next year and the large IONIQ 7 SUV in 2024.
This move is in line with the company’s plans to secure a leadership position in the future electric vehicle market in Indonesia and expand into the Asia-Pacific markets as a future provider of mobility solutions.
Indonesia recently announced that only electric vehicles will be available in the domestic market from 2050.
Hyundai is building a vehicle plant in Indonesia with a plan to start production early next year. The production capacity of the plant will be released later.
Currently, it has seven domestic factories – five in Ulsan, one in Asan and one in Jeonju – and 10 factories abroad – four in China and one in the United States, Czech Republic, Turkey, Russia, India. and in Brazil. . Their combined capacity reaches 5.5 million vehicles.
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