Hyundai to move Asia Pacific HQ to Indonesia
HYUNDAI Motor Co is planning to move its regional headquarters (HQ) to Indonesia, according to a report.
Friday, January 8th, 2021 at
News |
Wheels
A report by
wapcar.my recently stated that the company is closing its Asia Pacific regional HQ in Mutiara Damansara in Petaling Jaya, Selangor, to Indonesia in favour of investment incentives offered for electric vehicles (EVs) development in the republic.
The report said the move will be done in stages until year-end. The regional HQ was opened in 2015, housing Hyundai Training Academy that provides enhanced training for all Asia Pacific Hyundai distributors trainers in 33 countries in the region.
It was Hyundai’s second training academy that is fully equipped with the carmaker’s newest dealership space identity standards, following the first establishment in Dubai.
Last November, Hyundai signed a preliminary deal to build a new factory in Indonesia with an investment of US$1.55 billion (RM6.26 billion) until 2030.
Besides Hyundai, Toyota Motor Corp has planned to invest US$2 billion to develop EVs in Indonesia from 2019 until 2023 starting with hybrid vehicles.
“Because the Indonesian government already has an EV development map, Toyota considers Indonesia as a prime EV investment destination,” Toyota president Akio Toyoda said in the statement previously.
Malaysia has plans and initiatives to spur the development of EVs and become a regional hub as provided in the National Automotive Policy 2020 (NAP 2020).
HYUNDAI Motor Co is planning to move its regional headquarters (HQ) to Indonesia, according to a report.A report by wapcar.my recently stated that the company is closing its Asia Pacific regional HQ in Mutiara Damansara in Petaling Jaya, Selangor, to Indonesia in favour of investment incentives...
themalaysianreserve.com
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According to Hyundai official (2021) as respond to the news is that Hyundai has already made Indonesia as their Asia Pacific head quarter since 2019 but the shift is not entirely completed and there is a transition period still going on.
Sebelumnya diwartakan bahwa kantor pusat Hyundai untuk kawasan Asia Pasifik akan dipindahkan dari Malaysia ke Indonesia.
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