Hyundai Motor tops EV sales in Indonesia

September 21, 2023

Hyundai Motor Group said Tuesday it has topped the list of electric vehicle sales in the Indonesian market, the country with the fourth-largest population and the No. 1 nickel reserves in the world.

The carmaker sold a total of 3,913 EVs and posted a 56.5 % market share in Indonesia as of July. Its flagship battery-powered sport utility vehicle Ioniq 5 took up most of the sales with 3,819 units.

The Ioniq 5 was the first EV manufactured within the Indonesia plant, which started commercial operation in March 2022, according to Hyundai. With local production of the flagship EV, it outpaced China-based Wuling Motors, which hit No. 1 EV sales in Indonesia last year.

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During a ceremony celebrating the construction of the carmaker’s Indonesia plant in the city of Bekasi held in the same month, Indonesia President Joko Widodo said, “Ioniq 5 will be a staggering milestone in the development of the country’s EV market.”

Accelerating its electrification strategy, Hyundai plans to further expand its footing in Indonesia, a top emerging country that aims to become the EV hub of Asean, utilizing its abundance of nickel, a key EV battery material.

Last month, the carmaker showcased its second electrified SUV model Ioniq 6 at the GAIKINDO Indonesia International Auto Show (GIIAS).Source: The Korean Herald