Hyundai was the most popular EV brand in Indonesia in May 2022, data from the Association of Indonesia Automotive Industries (GAIKINDO) showed.
The South Korean carmaker sold nearly 196 EVs in Indonesia last month.
According to GAIKINDO, Hyundai accounts for more than 90% of the EVs sold in Indonesia this year.
Hyundai has taken its EV game to the Southeast Asian market. According to Business Korea, the carmaker has invested at least US$1.5 billion in setting up EV and EV battery production in Indonesia.
Other major South Korean companies that invest big in Indonesia include Lotte Chemical and LG Energy Solution.
Just this month, Hyundai opened its first Motorstudio in Jakarta with eye-catching interior designs. It is the 7th Hyundai Motorstudio worldwide with the other six studios located in South Korea, China, and Russia.
Indonesian local news outlet Bisnis also reported Hyundai will launch its new budget MPV Stargazer in Indonesia as well. The new model, reportedly designed to target Southeast Asia and India drivers, is scheduled to launch in July or August this year.
The new model is reportedly to be manufactured in Indonesia.
Hyundai has partnered with local automotive component supplier Dharma Group to produce car parts. Dharma's clients include many other Asian carmakers such as Toyota, Honda, SUZUKI, and Mitsubishi.
One of the subsidiaries Dharma Kyungshin Indonesia is a joint venture by Dharma Group and South Korea-based auto parts producer Kyungshin and produces exclusively for Hyundai in Indonesia.
