Hyundai will create a new production facility in Indonesia.
The plant will be located in Kota Deltamas, an industrial area. The planning is the second half of 2021.
Initially, Hyundai is aiming for a production capacity of 150,000 cars per year, but the company said that this number will eventually rise to 250,000 units.
Hyundai wants to invest more than € 1.4 billion in the facility in the coming years. The Koreans not only want to produce cars there, but also foresee a development center.
In addition to the current cars, Hyundai investigates whether it is lucrative to come up with an EV specially developed for the Asian market. If there is a business case for that electric car, then that car will also be built in Indonesia.