New Hyundai EV factory is up and running in Indonesia. Grab and Hyundai wanted to invest in EV's and a new factory.

Grab and Hyundai have signed a strategic partnership, not clear though whether Grab has shares in the new factory (unlikely IMHO). What is sure is that Grab will play a crucial role in the adoption of EV's in SEA, and Grab is stakeholder of the new factory.$Grab Holdings(GRAB)$$Hyundai Elevator Co Ltd.(HYEVF)$