Hyundai Autoever Establishes Joint Venture in Indonesia

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Hyundai Autoever has established a joint venture called 'Terra Link Technology' in Jakarta, Indonesia, in partnership with India's MapmyIndia. The collaboration aims to enter the Indonesian market by leveraging synergies between the two companies in the electric vehicle and battery technology sectors. Hyundai Autoever will provide electric vehicle manufacturing and related technological expertise, while MapmyIndia will contribute its regional community networks and business experience in Indonesia. Through the establishment of this joint venture, Hyundai Autoever is expected to strengthen its competitiveness in the Southeast Asian market and accelerate its electric vehicle business expansion.

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