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Hyundai Motor Group is bringing its advanced air mobility business to the Southeast Asian market and to realize this project, it has signed a memorandum of understanding (MOU) with the Indonesian government on Monday, Nov. 14.
Through the agreement, the South Korean automaker will set up an air mobility ecosystem in Indonesia’s new capital. The MOU was signed by Hyundai Motor’s president and head of the advanced air mobility unit, Shin Jai Won, and Bambang Susantono, the head of the Nusantara Capital City Authority in the country during the Business 20 (B20) Summit that was held in Bali, Indonesia.
Indonesia is said to have the largest aviation market among the ASEAN nations and in the process of moving its capital to another location, the government is looking to build a smart mobility ecosystem. In this regard, Hyundai Motor will do the work for the new capital city of the country.
The automaker has expertise in this field as it is one of the leading urban air mobility (UAM) service providers in its home ground thus it will be able to provide the service that the Indonesian government is looking for. In any case, Hyundai Motor is also benefitting from this agreement as it hopes to boost its presence in the Southeast Asian AAM market through this joint project.
“The MoU aims to introduce AAM as part of a smart mobility ecosystem in the new capital city that Indonesia is working to establish,” Hyundai Motor said in a press release. “The Group plans to develop a roadmap and review the concept of consolidated mobility for ground and air while carrying out an AAM demonstration project and test flights.”
The head of the Capital City Nusantara Authority also commented that "Implementing advanced air mobility in Nusantara is in line with OIKN's spirit of being a 'living laboratory' in Indonesia, open to creating a culture of new learning, working and lifestyle, and we value Hyundai Motor Group's cooperation in developing Nusantara as a smart and sustainable city."
Meanwhile, Korea Joongang Daily reported that the Nusantara Capital Authority Agency was only created in March as Indonesia is working to relocate its capital from Jakarta to a new city which the government named Nusantara.
