This photo provided by KG Mobility Corp. on May 13, 2025, shows a heads of agreement signing ceremony between the South Korean automaker and Indonesian defense company PT Pindad held recently in Bandung, Indonesia. (Yonhap)
SEOUL, May 13 (Korea Bizwire) — KG Mobility Corp. said Tuesday it has partnered with Indonesia’s state-run defense company PT Pindad to collaborate on a national car and electric bus project for the Southeast Asian country.
The South Korean automaker said it signed a heads of agreement (HOA) with PT Pindad at the latter’s headquarters in Bandung, Indonesia, on Thursday. The signing ceremony was attended by KG Mobility Chairman Kwak Jea-sun and PT Pindad’s Chief Executive Officer (CEO) Sigit Santosa.
Under the deal, KG Mobility will support PT Pindad with vehicle product evaluation, technology and engineering.
The two sides will collaborate on expanding the scale of PT Pindad’s ongoing national car and electric bus production project in Indonesia to reach a capacity of 200,000 units.
Last year, KG Mobility exported 1,060 knock-down kits for its Rexton sport utility vehicle (SUV) to Indonesia, and plans to increase shipments to 3,000 units this year.
KG Mobility said the partnership is part of the company’s push to expand into emerging markets.
“As Southeast Asia’s largest automotive market, Indonesia holds significant growth potential, and we will make every effort to expand sales through our differentiated product competitiveness and marketing strategies,” Kwak said.
(Yonhap)
