Hyundai Indonesia intends to increase TKDN of electric cars from 40% to 60% by 2024

On July 11, 2023, President of Hyundai Motor ASEAN HQ expressed optimism that Hyundai Indonesia will be able to raise the domestic component level (TKDN) of electric cars to 60% by 2024, up from its current TKDN level of 40%. This was unveiled during a visit by the Indonesian Minister of Trade at PT Hyundai Motor Man....

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