Hyundai Motor to open RM2.16b manufacturing plant in Kulim
Hyundai Motor has reportedly announced plans to open its first factory in Malaysia next year, with an investment valued at RM2.16 billion.
According to the Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Aziz, the investment will become the largest by the car manufacturer in the country and create numerous job opportunities.
“The RM2.16 billion investment from Hyundai Motor will enable Malaysians to purchase vehicles manufactured by Hyundai Motor at more competitive prices.”
Tengku Zafrul added that the government has set certain conditions for Hyundai Motor to incorporate domestic components in the vehicles produced.
“In this way, Hyundai Motor can manufacture vehicles at more competitive prices,” he stated.
The Hyundai Motor factory in Kulim, Kedah, is expected to commence production by mid-2025.
It will involve seven models, including hybrid and internal combustion engine (ICE) models.
“To start with, they will produce seven vehicle models with hybrid and ICE capabilities over the next five years.
“However, in the long term, it may also include the production of electric vehicles (EV),” he added.
