Hyundai set to announce electric vehicle investment plan in Indonesia this week

Hyundai's move comes as Indonesia is tying up with foreign investors to build plants for producing raw materials to make electric car batteries.
Hyundai's move comes as Indonesia is tying up with foreign investors to build plants for producing raw materials to make electric car batteries.PHOTO: REUTERS

JAKARTA - Hyundai Motor is expected to announce its maiden electric vehicle investment plan in Indonesia this week as it taps President Joko Widodo administration's increasing support for green cars.

Two people who know about the plan said this to The Straits Times, but did not give details.

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