Hyundai Motor Group Plans to Expand Production and Localisation in Kazakhstan

Hyundai Motor Group plans to expand its presence and deepen the localisation of production in Kazakhstan, following a meeting between President Kassym-Jomart Tokayev and Sung Kim, President and Head of the Strategy and Planning Division at Hyundai Motor Group, according to the Akorda presidential press service.

The two sides discussed expanding investment, industrial and technological cooperation, as well as new projects in Kazakhstan. Representatives of Hyundai Engineering and carmaker Kia also attended the meeting.

Tokayev highlighted Hyundai Motor Group’s contribution to the development of Kazakhstan’s automotive industry and said further localisation was needed, along with increased production of automotive components and greater export potential for the sector.

The president also highlighted the existing Hyundai plant in Almaty and Kia plant in Kostanay. He said Kazakhstan aims to become a major regional hub for vehicle production and exports, with the development of a full-cycle manufacturing industry.

Electric mobility could become another area of cooperation, including the production of electric vehicles and components, as well as the development of charging infrastructure.

Sung Kim, for his part, said Kazakhstan was not only a market for Hyundai Motor Group but also an important regional hub for its operations across the CIS. He confirmed the company’s plans to expand its presence and deepen the localisation of production in the country.

Representatives of Hyundai Engineering also expressed their readiness to expand cooperation with Kazakhstan in the oil and gas sector, industry and infrastructure.