Hyundai Motor Group seeks to seize opportunities in Southeast Asian market

Hyundai Motor Group has established a presence in several countries in the Association of Southeast Asian Nations (ASEAN) and is seeking to take advantage of the booming automotive market in Southeast Asia. Hyundai Motor Manufacturing Indonesia (HMMI) produced 22,520 vehicles in the first quarter of this year, with an operating rate of 110.9%, the highest among all Hyundai overseas plants. Hyundai Motor Group has pledged to invest approximately US$1.55 billion in HMMI by 2030. HMMI is currently responsible for the production of models including Creta, Stargazer, Santa Fe and IONIQ 5. As of the end of May this year, HMMI has sold a total of 192,792 vehicles.