Hyundai Kefico Targets Indonesian Market with Electric Two-Wheeler Drive System
Hyundai Kefico signed a memorandum of understanding (MOU) on the 26th with the Indonesian Motorcycle Association and electric motorcycle manufacturer PT Brum Brum for a battery management and control platform for electric motorcycles.
Photo by Hyundai Kefico
[Asia Economy Reporter Ki-min Lee] Hyundai Kefico is targeting the Indonesian market, where demand for two-wheelers is high, with its recently launched electric two-wheeler drive system, 'Mobilgo.'
On the 26th, Hyundai Kefico announced on the 27th that it signed a memorandum of understanding (MOU) with the Indonesian Two-Wheeler Association and electric two-wheeler manufacturer PT Brum Brum regarding a battery management and control platform for electric two-wheelers.
Hyundai Kefico plans to support the establishment of a local electric two-wheeler ecosystem and, together with PT Brum Brum, aims to launch vehicles equipped with 7kW and 3kW systems next year by developing electric two-wheeler drive systems, mobility data services, and battery swapping services.
On the 25th, Hyundai Kefico also received a letter of intent (LOI) from another Indonesian electric two-wheeler manufacturer, PT GARDA ENERGI NASIONAL INDONESIA, to supply 200,000 units of 15kW electric two-wheeler drive systems over five years.
They plan to negotiate on overall electric two-wheeler control solution technologies, including motors, controllers, and batteries, aiming for an official contract signing in the first half of next year.
Starting with the launch of the 7kW electric two-wheeler drive system this year, Hyundai Kefico plans to successively release 3kW and 5kW systems next year.
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Currently, they have secured orders for about 620,000 units from global manufacturers and are building a full lineup of electric two-wheeler systems up to 9kW and 15kW. Their strategy is to target overseas markets with high two-wheeler penetration rates, such as Malaysia and Indonesia, beyond the domestic micro-mobility market.
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