Hyundai’s plan to build EVs in Indonesia had been announced way back in 2018. The new plant in Cikarang will be Hyundai’s first complete factory in South East Asia. This is all part of an 880 million USD investment in Indonesia. No surprise there since Indonesia is the world’s largest exporter of nickel.
About half the cars produced in Indonesia will be for export while the other half will be for the Indonesian market. Alongside the Kona Electric, the Cikarang Plant will also produce the Hyundai Creta and Hyundai Accent.