Hyundai Motor Company has inaugurated Hyundai Motor Manufacturing Indonesia, its first factory in South East Asia, located in Deltamas industrial complex near Cikarang, Indonesia, 40km east of the capital city of Jakarta.
The inauguration follows Hyundai's signing of a Memorandum of Understanding in 2019 with the Indonesian government to build and operate a local manufacturing plant that will become Hyundai’s manufacturing center for South East Asian markets.
The new plant will manufacture the Ioniq 5 alongside the Hyundai Creta In December of 2021, Hyundai completed construction of the factory with an initial production capacity of 150,000 units. Hyundai has further plans to invest around $2.1 million in the plant, and to ramp up its production capacity to 250,000 units.
Hyundai's new plant will not only produce strategic models for the region such as Creta alongside the Ioniq 5 battery electric vehicle. There are also plans to produce the Santa Fe SUV at the site starting from 2022, as well as a yet-unnamed small MPV designed for South East Asia from the second-half of 2022.
The new plant will also eventually take battery cells manufactured at another Hyundai battery manufacturing plant, announced in September 2021 in collaboration with LG Energy Solutions in Karawang, Indonesia. This battery plant is targeted for completion in the first half of 2023, and production is scheduled to start from 2024. Producing with locally-manufactured battery cells, Hyundai states, will raise the price competitiveness of the battery electric models in Indonesia.
The inauguration follows Hyundai's signing of a Memorandum of Understanding in 2019 with the Indonesian government to build and operate a local manufacturing plant that will become Hyundai’s manufacturing center for South East Asian markets.
Hyundai's new plant will not only produce strategic models for the region such as Creta alongside the Ioniq 5 battery electric vehicle. There are also plans to produce the Santa Fe SUV at the site starting from 2022, as well as a yet-unnamed small MPV designed for South East Asia from the second-half of 2022.
The new plant will also eventually take battery cells manufactured at another Hyundai battery manufacturing plant, announced in September 2021 in collaboration with LG Energy Solutions in Karawang, Indonesia. This battery plant is targeted for completion in the first half of 2023, and production is scheduled to start from 2024. Producing with locally-manufactured battery cells, Hyundai states, will raise the price competitiveness of the battery electric models in Indonesia.
