Hyundai Is Closing Its Asia Pacific Headquarters In Malaysia And Moving To Indonesia – SAYS

Posted: January 9, 2021 at 3:54 am


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Despite a lot of talk about next-generation vehicles (NxGV), Automated and Autonomous Connected Vehicle (AACV), Energy Efficient Vehicle (EEV), and many more alphabet soup of acronyms in WapCar's 2020 National Automotive Policy, many manufacturers have stopped pouring more money into Malaysia, and Indonesia is the country that every manufacturer wants to date now, because of President Jokowi's commitment to promote electric vehicles, something which every car manufacturer is trying to catch up on.

Hyundai has confirmed that it will be investing RM4.02 billion (USD1.55 billion) in Indonesia until 2030. The investment includes a 150,000 cars per year plant (can be scaled up to 250,000 cars) in Bekasi, east of Jakarta. Production will begin later this year.

With Indonesia now becoming Hyundai's production hub for Southeast Asia, it only makes sense for Hyundai to move its regional office and training centre to Jakarta.

Apart from Hyundai, Toyota too will be investing RM8.04 billion (USD2 billion) in Indonesia between now until 2023 to build hybrid and electric vehicles there.

"Because the Indonesian government already has an electric vehicle development map, Toyota considers Indonesia as a prime EV investment destination," said Toyota president Akio Toyoda in June 2019 in a joint-announcement with the Indonesian government.

See the article here:
Hyundai Is Closing Its Asia Pacific Headquarters In Malaysia And Moving To Indonesia - SAYS

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January 9th, 2021 at 3:54 am

Posted in Sales Training