Hyundai Motor dominates Indonesian EV market in May

Korea's Hyundai Motor had the highest electric vehicle sales in Indonesia last month, an Indonesian automotive industry association said Sunday.

Hyundai sold 196 EVs — 195 units of the Ioniq 5 and one unit of the Ioniq Electric — in the Southeast Asian market in May, according to the Association of Indonesia Automotive Industries.

Hyundai accounted for 98 percent of the 200 EVs sold in Indonesia last month, it said.

In the January-May period, Hyundai's EV sales reached 333 units, or 92 percent of overall sales of 363 EVs there, the association said.

Other EV models sold in Indonesia include Nissan Motor's Leaf, Lexus' UX300e and Toyota Motor's C+pod.

When combustion engine vehicle sales are combined, total vehicle sales in Indonesia reached 396,153 units in the first five months. Japanese carmakers claimed a share of 93 percent of the overall sales figure.

In 2022, Hyundai aims to increase its market share in the Indonesian automobile market from a share of 0.3 percent last year. It, however, didn't provide a targeted market share.