Hyundai's Indonesian operations are gearing up to produce and sell the funky Hyundai Ioniq 5 electric vehicle (EV) in the country, according to a report by
Hyundai will be investing RM 6.49 billion (USD 1.55 billion) in Indonesia until 2030
Sources close to Otodriver mention that the EV SUV is touted to begin Indonesian production next year. Targeted production numbers are 1,000 units in 2022, and 1,500 units in 2023.
The Ioniq 5 sits on the brand's Electric Global Modular Platform (e-GMP)
However, it is still unclear whether the model will be fully locally-manufactured or just assembled (CKD) in the archipelago.
Also read: Hyundai to close Asia Pacific HQ in Malaysia, moving to Indonesia
Hyundai Kona Electric, Creta, and Accent are other models earmarked to be assembled in the Korean marque's Cikarang facility.
Also read: Hyundai Kona Electric to be assembled in Indonesia by 2023?
Artist impression of the Hyundai Mobility Global Innovation Center (HMGICs) in Jurong, Singapore
Besides Indonesia, the other country in the ASEAN region that's touted to assemble the Ioniq 5 is Singapore.
Also read: The Malaysian link behind Hyundai’s decision to build this sexy EV in Singapore