Hyundai set to unveil electric vehicle plan in Indonesia

The Ioniq Electric is one of Hyundai's mass market alternative fuel cars. The South Korean firm is playing catch-up to global players in the electric car segment and has plans to expand production.
The Ioniq Electric is one of Hyundai's mass market alternative fuel cars. The South Korean firm is playing catch-up to global players in the electric car segment and has plans to expand production.ST PHOTO: ALPHONSUS CHERN

S. Korean firm to capitalise on country's rich nickel resources, govt support for green cars

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

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

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A version of this article appeared in the print edition of The Straits Times on December 18, 2018, with the headline 'Hyundai set to unveil electric vehicle plan in Indonesia'. Print Edition | Subscribe