Seoul based Hyundai Motor Company expands into Indonesia, with its first manufacturing plant in the country. The company entered into a memorandum of understanding (MOU) with the Indonesian government for manufacturing plants.
The new Indonesian Manufacturing plant will represent an investment of approximately US$1.5 billion until 2030; it includes product development and operational costs. The new facility begins commercial production in the second half of 2021, with an annual capacity of 150,000 units. The plant will finally be able to build approximately 250,000 vehicles annually when it reaches full capacity after some time.
Hyundai Motors, along with local partners, expects to create more than 23,000 new jobs directly or indirectly, becoming one of the biggest automotive employers in the Kota Deltamas district.
The new Hyundai Motors state-of-the-art manufacturing plant will be built on an 8.35 million-square-foot site in Kota Deltamas, an industrial, commercial, and residential district in the eastern outskirts of Jakarta. At the new Deltamas manufacturing plant, Hyundai plans to produce compact MPV, compact SUV, and sedan models precisely designed for customers in the Southeast Asian market. The new plant will incorporate facilities for stamping, welding, painting and assembly.
At the new plant the company is also exploring the production of ASEAN-specific electric vehicles (EV). The company is committed to helping nurture Indonesia’s EV ecosystem, contributing to its people’s quality of life through its clean mobility technologies. Hyundai Motors, along with sister company Kia Motors, plans to make Hyundai Motor Group the world’s third-biggest EV manufacturer in the world by 2025.
Hyundai will take a customer-centric approach in terms of production and sales. At the new facility, vehicles produced will be on a build-to-order basis. Hyundai’s customer-centric approach and tailorable production method allow customers to choose product specifications when ordering, while also lowering inventory costs. The Hyundai Motors investment in Indonesia, support its growth plan into new ASEAN markets, safeguarding future growth engines to help the business combat slowing demand in the global automotive market.
Hyundai Motor worldwide operates manufacturing plants in eight countries, including the United States, China and India. In 2018 Hyundai Motor and its sister company, Kia Motors achieved combined sales of more than 7.4 million vehicles globally, making Hyundai Motor Group the fifth-largest automotive group in the world.
South Korea based Hyundai Motor Company is a leading manufacturer, seller, and exporter of passenger cars, trucks, and commercial vehicles. The company headquartered in Seoul, South Korea. The company also deals in auto parts and railways manufacturing. Hyundai also involves financial activities such as financing, leasing, and credit cards through its subsidiaries.
Hyundai Motor Group is a global organization that has formed a value chain based on automobiles, steel, and construction and includes logistics, finance, IT, and service. The group’s auto brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. The organisation has almost 250,000 employees in around 200 countries of the world.
Hyundai Motor Company was established in 1967 in Seoul. Hyundai sold more than 4.5 million vehicles worldwide. The company’s constant efforts to enhance its product line-up with vehicles that are helping to build solutions for a more sustainable future, such as NEXO – the world’s first dedicated hydrogen-powered SUV. Recently the company has revealed its new design philosophy ‘Sensuous Sportiness’ for upcoming Hyundai vehicles. Hyundai Motor promotes a customer-driven corporate culture by providing the best quality, sensible, and impeccable service to customers. The company has advanced its caring approach to connect with customers around the world at any time.
The global automobile industry is facing a wave of rapid change due to accelerating technological innovations, ecological sustainability, and intensifying competition. Hyundai Motor is armed with creative thinking, cooperative communication, and willing to take all challenges, helps in creating a future auto leader. The company’s research team focuses on developing a new level of active safety that keeps the company one step ahead with others.
Hyundai Motor is planning to introduce a large number of electric vehicles by 2025. The company will have next-generation fuel cell technology with increased mileage ranges of EV to position the company as a leading maker of eco-friendly vehicles. The company will set up an innovation centre to explore new business areas of future innovation. Hyundai Motor is investing in new technologies and R&D activities, which lead to future innovations in the automobile industry.