Hyundai expands its production network for electric cars: It was recently reported that the Koreans want to build the Kona Elektro in Europe. Now the group plans to build an electric car plant in Karawang, Indonesia.
The Hyundai will invest about one billion US dollars for this purpose and sign the contract for the plant in November 2019, it was said in Indonesian media. Chung Eui-sun, Senior Vice Chairman of the Hyundai Motor Group, said he recently met with Indonesian President Joko Widodo to solicit support from the Indonesian government for Hyundai's investment.
Meanwhile, Hyundai confirmed the meeting via Twitter "#Hyundai Motor Group’s Executive Vice Chairman (EVC) Euisun Chung met with President Joko Widodo of the Republic of Indonesia to discuss opportunities for cooperation. President Widodo mentioned offering full support when it enters the Indonesian market."
Among other things, the Antara News Agency reported that Luhut Binsar Pandjaitan, the coordinating minister for maritime affairs of Indonesia, had confirmed the date of signing the contract in November on the sidelines of the ASEAN summit. According to the minister, Hyundai has already secured the factory bases in Karawang.
According to "Business Korea" Hyundai also wants to transform a production facility in Chongqing, China into an electric car factory.
The NIO electric car start-up, which is already successful in China, wants to gain a foothold in Europe in the future. Before the further expansion planned for 2022, the company presented its fifth model at the end of the current… Continue reading
To date, eight different Audi cars are available as electric cars, almost four years after the debut of the Audi e-tron. There will be more than twenty distinct models available by 2026. By that time, every Audi model being sold everywhere on… Continue reading
If you're looking for a practical and user-friendly vehicle that can also handle off-road challenges, you might want to check out the new Kia EV9. This electric SUV is the latest addition to Kia's growing… Continue reading
Xiaomi, one of the world’s largest smartphone and gadget makers, has entered the electric vehicle (EV) market with its first car, the Xiaomi SU7. The sleek sedan, unveiled on Tuesday in Beijing, aims to compete with the likes of… Continue reading
