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.
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
