# 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.

- Type: Partnership
- Announced: 2023-03-24
- Where: near Jakarta, Indonesia
- Status: announced
- Capacity: 500,000 vehicles per year
- Products: trunk boards, auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai](https://endata.com/companies/6090.md) (partner)
- [Sugihara](https://endata.com/companies/69291.md) (partner)

## Sources

- [hyundaicorp.com](https://www.hyundaicorp.com/en/hyundai-corporation-plans-to-set-up-a-jv-with-a-japanese-vehicle-components-manufacturer/), 2023-03-24: "Hyundai Corporation is set to establish a joint venture (JV) in Indonesia with a Japanese auto parts manufacturer."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.