Hyundai Corporation and Sugihara form JV for auto parts plant in Indonesia

Hyundai Corporation and Japanese auto parts maker Sugihara formed a 50:50 joint venture, Sugihara Hyundai Automotive, to build a plant near Jakarta, Indonesia, producing trunk boards for 500,000 vehicles annually. Test operations are expected in H1 2023, with mass production in 2024.

“Hyundai Corporation is set to establish a joint venture (JV) in Indonesia with a Japanese auto parts manufacturer.”hyundaicorp.com

• 1 source
• hyundaicorp.comHyundai Corporation Plans to Set Up a JV with a Japanese Vehicle Components Manufacturer | Hyundai CorporationMar 24, 2023

Summarized from public sources; check the original articles before acting on it.