Hyundai's New Electric Car Factory Opens Near The Philippines in April 2020

Hyundai electric cars could be coming within 1 to 3 years according to officials involved in the groundbreaking of Hyundai's electric car factory in Philippines' neighboring country Indonesia.

The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan in Indonesia stressed that the construction of an electric car factory that would cooperate with the South Korean car manufacturer, Hyundai, would continue.

Luhut said that in April the factory, which is planned to be built in Karawang, West Java, would conduct a groundbreaking. The groundbreaking of the electric car factory will also be attended by President Joko Widodo.

"Electric cars are still on schedule. We monitor every day, because our plan for April is Hyundai's groundbreaking (electric car factory) in the Karawang area," Luhut said in a teleconference quoted by AFP from Instagram account @kemenkomarves, Monday (3/16/2020).

"Where Mr. President himself is willing to be in the groundbreaking," he continued.

He explained that Hyundai would make an investment of US $ 1.5 billion or around Rp 21 trillion (in the exchange rate of Rp 14 thousand). "That's an investment of US $ 1.5 billion," concluded Luhut.

Previously, President Director of Hyundai Motors Indonesia, Sung Jong Ha said that he would make car products according to the demands and needs of consumers in the country.

"It depends on demand. All I can say is that we have invested in Indonesia, we will contribute to the development of the automotive industry and the economy in Indonesia as well as electric vehicles, that is what can be said clearly," said Sung Jong Ha, on the sidelines of the launch of the GrabCar service Electricity at Terminal 3, Soekarno-Hatta Airport, Tangerang, Monday (1/27/2020).

He also said that it would take several years for the Hyundai plant in Indonesia to be ready to produce its first car, especially the electric car.

"It will take a few years, maybe 1, 2 or 3 years and just start production because now we will try to build our batteries. We will also develop products for the Indonesian market," he concluded.


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