Indonesia Government & HYUNDAI KEFICO

CONSORTIUM
EV MICRO MOBILITY ECO-SYSTEM
BUSINESS COOPERATE PLAN
EV 2W Solution _ Indonesia Market 1

■ 2Wheeler Market recovering from before Covid (’20, 3.7Mil  ’22, 5.4Mil)
■ EV 2Wheeler Market growth 51% in ’22 ( ’21, 80,000  ’22, 121,000)

2Wheeler Sales (’22) : EFI 2W : EV 2W EV 2Weeler

 110 ~ 160cc base Market (Market Share : 96%) [ Sales] [ Model]

(Unit : Ten Thousand)
518 (Unit : Ten Thousand) (Unit : ea)
‘20 365  ’21 510  ’22 527 (98%) 12 (2%)
(100%)
~80cc ~110cc ~125cc ~160cc ~250cc 250cc~ x3 12.1
x2.8
110~250cc , 96% 28
8.0
22
221 COVID Pandemic
EFI 159 18
127
(Engine) 0.01 2 Power
16 4.1 10
3.4
EV 5.4 (cc)
(Electric) 6.7

~3kW ~5kW ~8kW 10kW~ 2019 2020 2022 2022 2019 2020 2021 2022

Vehicle Market Share (Unit : Ten Thousand)

EFI 2W (’22) EV 2W (’22)

1st 2nd 3rd 1st 2nd 3rd
110cc 125/160cc 110/125cc 5kW 2kW 1kW
Honda Honda Honda Gesits Yadea BF Goodrich
BEAT 110 Vario 125/160 Scoopy 110/125 G1, etc. G5, etc. Angela, etc.
147 86 74 6.4 1.6 1.3

1위 2위 3위
‘Scooter’ ‘Scooter’
EV 2W Solution _ Target Direction 2

Optimized Clean Mobility Solution

Required appropriate EV 2Wheeler Vehicle meets customer needs
- Performance : Equivalent for market driving habit (Speed/Torque/Up-Hill/Loading)
- Battery/Vehicle/Charger : Quality assured in safety and reliability
Equivalent for average duration use (5~7years)
- Cost : Similar Cost from current ICE vehicle (in same performance base)
- Charging Infra : Customer convenience and installation environment base.
- Carbon Credit : Define through Mobility Data Service link to Charging Infra.
- Comparison Table for ICE & EV
Powertrain Battery Charger
ICE EV Voltage Ah Direct BSS
Forza / X-Max 96V(48V*2ea) 30Ah 48V
7kW~ O
(160~250cc) 72V 40~50Ah (Battery weight : < 12KG)

PCX/N-Max/Vario 96V(48V*2ea) 30Ah 48V

4.5~5kW O
(125~160cc) 72V 40~50Ah (Battery weight : < 12KG)

96V(48V*2ea) 30Ah
Beat/Scoopy 72V 20~25Ah 48V
3~4kW O
(80~110cc) 60V 25~30Ah (Battery weight : < 12KG)
48V 30Ah
EV 2W Solution _ Create 3

Optimized clean mobility solution CREATEs exceptional value on upcoming business

Indonesia Government & Hyundai Kefico consortium members will Combine & Cooperate
to
build Win-Win based business model together in EV Micro Mobility Eco-System

Key Configuration

Service Vehicle
(Efficiency/Carbon credit) (New & Conversion)

EV Micro
Reuse Battery ESS Mobility Policy
& Recycle Eco-System

Charger / Location Battery

(Safety assured) (National Standard)
 EV 2W Solution _ ESDM EV 2wheeler conversion project cooperation 4

Conversion Consortium Proposal to ESDM

1. Members : PLN ICON, Hyundai Kefico, LG ES, Conversion Work Shop(Selis/Spora), Oyika/DMS(BSS)

2. Target Conversion Kit Specification

- Motor 3KW(HUB) : Battery 48V & 60V (Kit ready) ▶ Honda Beat/Scoopy

- Motor 5KW(MID) : Battery 96V(48V*2 series connect) ▶ Honda Vario

3. Target Volume : Meet with Government conversion regulation 50,000 Units(2023), 150,000 Units(2024)

Indonesia Government & Hyundai Kefico consortium plan and business concept

1. Government support Used ICE vehicle to create EV 2W conversion business

2. Battery : 48V with BSS(Subscription base), 60V with home charging or BSS

- Access with alternative solutions for customers to encourage use of conversion 2W vehicle

3. Target Territory : Jakarta / Bali and other location in Indonesia

 EV 2W Solution _ ESDM EV 2wheeler conversion project cooperation 5

BSS preparation for New and Conversion vehicles

1. Current Install Infra : 9 BSS station can manage 500 Units
2. Expansion Plan
- PLN Facilities : UID/ULP/Yantek/SBPKLU cooperate with PLN and PLN ICON all-location in Indonesia
- Other Facilities : Work Shops, Showroom, Convenient Store and others
- Government Funding(ODA) : Will invest for 3 EV vehicle Station in Indonesia (2 Jakarta, 1 Bali)
3. Target Volume : 2023 (20 Station in Indonesia), 2024(100 Station in Indonesia) ▶ Manage 10,000 Units

BSS Installation in Bali Operating Management

PLN Yantek
Kuta

Sentrik Canggu
Avenue
EV 2W Solution _ 10Mil USD value Korea Government Funding(ODA) Project cooperation 6

Project information and cooperation plan proposal

1) Funding Support year : 2025
2) Funding Value : 10Mil USD
3) Purpose : Support Indonesia green industry development with Korea company entering.
Expansion BSS and ESS Infra
4) Hyundai Kefico proposal concept
① Renewable energy Grid infra solution development (EV 2W Battery Pack)
(Build EV 2W station with solar power ESS system to create Net-Zero platform)
② Link Business Model in Indonesia
- PLN ICON EV 2W operating vehicle
- Integrate ESS to existing Infra (PLN BSS location and SBPKLU)
- Build New BSS Intra in Indonesia
- Test evaluation solution for standard (ESDM(PLN) and Korea Test certificate Institute)
- Electricity Efficiency calculation solution for expansion of EV station and vehicles
5) Consortium
① Indonesia : ESDM / PLN / ICON / IBC / DMS
② Korea : Kotra / Hyundai Kefico / Hyundai Electric / E3 Mobility / KTC(Korea Test Institute)
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THANK YOU.