IDR 21 Trillion Hyundai Electric Car Has Started Production

Lovata Andrean

The main point
The main point

Rancakmedia.com – Hyundai's electric car, which costs IDR 21 trillion, will start production at the end of 2021. The electric car factory project is being built by the South Korean company, Hyundai Group, in Kota Deltamas, Central Cikarang, Bekasi, West Java.

It should be a concern if South Korea prioritizes West Java as the highest investment position. Up to 40% of South Korean investment will be carried out in the Ridwan Kamil area in the near future. One of the investments carried out is the ongoing construction of the Hyundai factory in Cikarang.

List of Hyundai electric cars

The target is that work on this factory project will be in progress by July 2021 and can start production at the end of this year. "It has almost reached 90% and will be completed more or less this July, where at the end of this year we can start production," said the Sales Director. Hyundai Mobil Indonesia Erwin Djajadiputra at the PLN ICE 2021 event, Monday (12/4/2021).

For your information, the Hyundai Group has invested in Indonesia to build an electric car factory amounting to US$ 1,5 billion or the equivalent of Rp. 21,8 trillion.

The plan is that at this factory, Hyundai will produce electric vehicles (electric vehicle/EV), and other cars such as compact SUVs, compact MPVs and sedan models.

The capacity of this factory is projected to reach 150.000 vehicles per year and is expected to increase to 250.000 vehicles each year.

The target, apart from supplying the local Indonesian market, this factory's production will also be aimed at new markets in the ASEAN region, such as Vietnam, Thailand, Malaysia and the Philippines.

While waiting for the car factory to be finished, this car itself has marketed several electric cars such as the Ioniq and Kona Electric electric cars.

The deal, worth an investment of US$ 1,55 billion, will cover operational and product development costs. Completely built up (CBU) models are marketed in Indonesia, including the Hyundai Kona and Ioniq electric cars.

According to data from the Association of Indonesian Automotive Industries (Gaikindo), Hyundai has imported 612 cars from January to February 2021.

Gaikindo noted that of this total, the company sent 323 units of the Kona EV and Ioniq EV on a CBU basis from South Korea. This means that the two electric cars accounted for 52,7 percent of the company's total imports.

FAQ

The following are questions that we have collected regarding the discussion from the articles that have been submitted, more complete information is below:

List of Hyundai electric cars

So far, the South Korean brand has marketed three models of electric vehicles in Indonesia. Among them are the Hyundai Kona Electric, IONIQ Electric and IONIQ 5 which are their first electric cars produced locally in Cikarang, West Java.

Hyundai Electric Car

Do Electric Cars Pay Tax?

Electric cars are a type of car that gets very large PPnBM tax incentives. This electric car tax regulation is included in PP No. 74 of 2021, namely PPnBM sales tax on electric cars is subject to 15% on a 0% tax basis.

Hyundai Kona Electric Car Tax Price?

This applies to PKB for electric vehicles for people or goods as well as for public transport of passengers or goods. For example, the Hyundai Kona EV had to pay IDR 7,5 million in tax every year because the base price was quite high, now you only need to pay 10%, which is IDR 750.000.

Conclusion

We've reached the end of the article, that's our discussion this time about Hyundai electric cars, hopefully what we have said above is useful for everyone, if you want to find other interesting information, please visit our site here, see you again.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks