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Published 2 years ago

Cars Hyundai Published by J. Doe

Hyundai Motor to Establish Its First Indonesian Manufacturing Plant

SEOUL, November 26, 2019Hyundai Motor Company today announced it has entered into a memorandum of understanding (MOU) with the Indonesian government to build its first manufacturing plant in the country.

The company’s decision to invest in Indonesia will, in particular, support its growth into new ASEAN markets, securing future growth engines to help the business combat slowing demand in the global automotive market.

Innovative Differentiation Strategy

Aiming to accelerate the establishment of a platform for stable product development, production and sales in Indonesia and the wider ASEAN market, Hyundai Motor will pursue an ‘innovative differentiation’ strategy to gain a competitive edge over competitors.

Original article

Jan 24, 2020 at 21:04