Hyundai To Launch Car Production In Indonesia, Including EVs

DEC 23 2018 BY MARK KANE 8

Electric cars will be produced in Indonesia?

According to deputy minister for industry in Indonesia, Hyundai will invest $880 million in a new production plan for 250,000 cars annually.

Part of the production is to be electric cars, which could be related with access to ample reserves of nickel laterite ore in the country (for use in lithium-ion batteries, produced by Hyundai’s suppliers). Hyundai apparently would like also to add a new factory in Southeast Asia to diversify its manufacturing capacity dependence from China.

53% of the production is scheduled for export, while 47% for Indonesia, but as Hyundai sold less than 1,400 cars during first ten months of this year in the country, it would be a tough target. The market is dominated by Japanese brands – Toyota sold over 463,000 cars through January-October.

So far there is no official press release from Hyundai or any details on which electric cars could be produced locally.

Indonesia

Source: Reuters

Categories: Hyundai

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8 Comments on "Hyundai To Launch Car Production In Indonesia, Including EVs"

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it would be thought target…
I think the word is tough.

“which could be related with access to ample reserves of nickel laterite ore in the country” – in short, no. Shipping materials is almost always a minuscule cost compared to other factors such as access to skilled labor, capital costs etc. Besides, there’s way more to a battery (let alone a whole car) than just Nickel.

Hyundai have a master card in their hand with the electric cars.
In France, if you order the Kona now, you have to wait June to have your Kona. And the e-Niro ganna be the same apparently.
The reputation of Korean automaker is growing in the good way here in Europe. I thing it’s gonna be the same in Asia shortly.

Do Not Read Between The Lines

You have to wait for everything except the Zoe in Europe.

Tesla needs to quit wasting time contemplating more manufacturing in the hostile US environment and go where the growth markets are like Hyundai!

Do Not Read Between The Lines

?
Tesla’s building a factory in Shanghai.

growing markets are poor nations who cannot afford EV.

Will it get Kona EV price below $30000 before the tax credit?