Hyundai Electric Cars, made in Singapore with love.

[StreetFight3r]

SINGAPORE - The vacuum left by Dyson has been filled. Hyundai Motor will make electric vehicles (EVs) at a plant in Jurong slated to be up and running by 2022.

The South Korean carmaker's choice to pick Singapore as a manufacturing location is an unprecedented one.

"It is the first time we are picking a country which does not have a car manufacturing industry," an insider told The Straits Times.

Mr Teo Hock Seng, executive chairman of Hyundai distributor Komoco Motors, said the manufacturing of EVs here is a significant milestone. "For us, the most important thing is Hyundai will be made in Singapore," he said.

He added that plans for the plant germinated four years ago, during Komoco's 30th anniversary. High-ranking executives from Hyundai came and met Ministry of Trade & Industry representatives.

"They talked about autonomous vehicles," Mr Teo said, adding that the Economic Development Board (EDB) then followed up and "encouraged Hyundai to invest in a smart factory in Singapore".

He said Komoco targets to sell 5,000 to 6,000 of the 30,000 electric cars made here a year, and Hyundai will export the rest.

Hyundai will start with an electric compact crossover, which sources say might be called the Ioniq 3.

Groundbreaking for the plant in Bulim Avenue is slated for October.

The plant will be within a 28,000 sq m Hyundai Mobility Global Innovation Centre, which is a multi-function facility that will carry out R&D and training, among other things.

Construction was supposed to have started in May, but has been delayed by Covid-19.

The facility will be a modern complex with swathes of solar panels, and will be a test-bed for highly-automated, data-driven "smart manufacturing".

A Hyundai Motor spokesman said: "When realised, Hyundai's new manufacturing platform will help make automotive plants safer and greatly diminish the physical burden for workers, using manpower only where necessary."

The facility will also carry out artificial intelligence research, investment activities, and trial new mobility services.

Hyundai is also expected to team up with local partners, such as universities to carry out hydrogen fuel cell and autonomous driving research.

Without being specific, the spokesman said the facility will create "hundreds of jobs". He would not reveal the investment sum.

EDB executive vice-president Tan Kong Hwee said: "Technological advancements are transforming the mobility sector with an increase in adoption of electric, connected, and autonomous vehicles.

"Attracting quality investments arising from these emerging trends is part of our strategy to grow Singapore's mobility ecosystem.

"This will not only create exciting job opportunities for Singaporeans, but also benefit adjacent industries which are already well-established here."

This week, Hyundai announced that it will launch a range of numerically named EVs under the Ioniq brand name.

The first will be the Ioniq 5, a midsize crossover based on the concept 45. It will launch early next year.

In March 2022, the Ioniq 6 sedan, which is based on the Prophecy concept, will be unveiled, followed by the Ioniq 7, a large SUV, in early-2024.

The Singapore-made car is expected to be the yet-to-be-announced Ioniq 3. More details are expected in October.

British home appliance maker Dyson announced in October 2018 that it would make electric cars in Singapore, only to pull the plug on the venture a year later.

[Mkl22]

Wah! Likely to be 100% tax free, plus don’t know what else to attract Hyundai here. The Koreans don’t throw money around that easily. 

[kobayashiGT]

Does that mean that I have a chance to get to know more Korean girls? 😍

[Mockngbrd]

https://www.straitstimes.com/singapore/transport/hyundai-to-produce-electric-cars-in-singapore

SINGAPORE - The vacuum left by Dyson 😂has been filled. Hyundai Motor will make electric vehicles (EVs) at a plant in Jurong slated to be up and running by 2022.

The South Korean carmaker's choice to pick Singapore as a manufacturing location is an unprecedented one. 

 

 

 

 

 

* no import tax? *

 

Edited August 14, 2020 by Mockngbrd

[Ceecookie]

Likely the car will be free from custom excise duty, which is 20% of OMV. 

"The Singapore Customs determines the Customs Value [or commonly known as Open Market Value (OMV)] of the car by taking into account the purchase price, freight, insurance, handling and all other charges incidental to the sale and delivery of the car in Singapore. Excise duty will be levied at 20% of the OMV. GST is computed at 7% of the total Cost, Insurance & Freight (CIF) and Excise Duty."

[Mockngbrd]

17 minutes ago, Ceecookie said:

Likely the car will be free from custom excise duty, which is 20% of OMV. 

"The Singapore Customs determines the Customs Value [or commonly known as Open Market Value (OMV)] of the car by taking into account the purchase price, freight, insurance, handling and all other charges incidental to the sale and delivery of the car in Singapore. Excise duty will be levied at 20% of the OMV. GST is computed at 7% of the total Cost, Insurance & Freight (CIF) and Excise Duty."

No la, no WAY. I kay siao nia. The cars will be built here then shipped to Korea, then shipped back to SG. Tax tax lai! Gahmen where got so nice give tax free one? 

Edited August 14, 2020 by Mockngbrd

[StreetFight3r]

why is the thread title changed? 😐

If that's the case then it should be made in Singapore with love 

Edited August 14, 2020 by StreetFight3r

[StreetFight3r]

8 minutes ago, Mockngbrd said:

No la, no WAY. I kay siao nia. The cars will be built here then shipped to Korea, then shipped back to SG. Tax tax lai! Gahmen where got so nice give tax free one? 

Sounds abt right!!! Then will be stamped built in Ahn yeongggg lol

[1fast1]

29 minutes ago, Ceecookie said:

Likely the car will be free from custom excise duty, which is 20% of OMV. 

"The Singapore Customs determines the Customs Value [or commonly known as Open Market Value (OMV)] of the car by taking into account the purchase price, freight, insurance, handling and all other charges incidental to the sale and delivery of the car in Singapore. Excise duty will be levied at 20% of the OMV. GST is computed at 7% of the total Cost, Insurance & Freight (CIF) and Excise Duty."

Oh you sweet summer child. 

[Zxcvb]

Instead of setting up car assembly plants in Thailand, Indonesia, Malaysia, Philippines, Vietnam - which have at least 20 - 30 years of experience and supply chains, Hyundai has chosen Singapore where most technical expertise of mechanics are from across the causeway??

[TeamAMG69]

CECA can apply ? 

Edited August 14, 2020 by TeamAMG69

[Jamesc]

Where is that MCF member that wanted to work for a car company?

Here is his big chance.

[Zxcvb]

8 minutes ago, TeamAMG69 said:

CECA can apply ? 

CECA mostly in banking and IT. 

[Windwaver]

Made in Singapore so we can buy cheaper or not?

 

[Jamesc]

Not easy to work for a Korean company.

Night time have to take them drinking soju

and join them for entertainment to 3am

at Korean lounge and go out night after night after night.

[Daniu82]

If made in SG then no import tax plus SG got enough charging stations then confirm can buy. 

[Sugimoto]

6 minutes ago, Jamesc said:

Where is that MCF member that wanted to work for a car company?

Here is his big chance.

And that guy who always says Avanza & other toyota models from Thai & Indonesia is a POS car from 3rd world country. Lets see he will buy this car which is made in our "1st world" country, Singapore.

[Mockngbrd]

32 minutes ago, Zxcvb said:

Instead of setting up car assembly plants in Thailand, Indonesia, Malaysia, Philippines, Vietnam - which have at least 20 - 30 years of experience and supply chains, Hyundai has chosen Singapore where most technical expertise of mechanics are from across the causeway??

EVs are very different. Nornal mechanics see liao also can't do anything.