Hyundai Motor enters into an MOU with the Indonesian government to build a vehicle manufacturing plant in Kota Deltamas, east of Jakarta.
Hyundai Motor Company has announced that it has entered into a Memorandum Of Understanding (MOU) with the Indonesian government to build its first manufacturing plant in the country.
President Joko Widodo of Indonesia attended the signing of the MOU at the world's single biggest integrated vehicle plant The company's decision to invest in Indonesia will support its growth into new South East Asian markets, securing future growth engines to help the business combat slowing demand in the global automotive market.
The state-of-the-art manufacturing plant will be located on an 8.35 million-square-foot site in Kota Deltamas, an integrated industrial, commercial and residential district in the eastern outskirts of Jakarta.
Hyundai plans to produce compact SUV, compact MPV, and sedan models specifically designed for customers in the South East Asian market at the new Indonesian plant, which will incorporate facilities for stamping, welding, painting and assembly.
The company is also currently exploring the production of South East Asian-specific Electric Vehicles (EV) in its Indonesian plant. Hyundai is committed to helping nurture Indonesia's EV ecosystem, contributing to its people's quality of life through its leadership in clean mobility technologies. Hyundai, together with sister company Kia Motors Corporation, aims to make Hyundai Motor Group the world's third-biggest EV manufacturer in the world by 2025.