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SEOUL, Might 1 (Yonhap) — Hyundai Motor Co., South Korea’s greatest carmaker, mentioned Sunday it obtained greater than 1,500 orders for its all-electric IONIQ 5 in Indonesia, lower than every week after releasing the costs.
Hyundai Motor obtained 1,587 orders for the IONIQ 5 in Indonesia from April 22-27, greater than doubling total electrical automobile gross sales within the Southeast Asian nation final yr, the corporate mentioned in a press release.
For all of 2021, carmakers working in Indonesia bought a complete of 693 EVs within the nation, with Hyundai’s IONIQ Electrical and Kona Electrical fashions accounting for 87 p.c, or 605 items, Hyundai mentioned, citing information from Indonesia’s automotive business affiliation.
The corporate unveiled the IONIQ 5 on the Indonesia Worldwide Motor Present held from March 31 to April 10 earlier than receiving the orders.
The pure electrical crossover is accessible for between 718 million and 829 million rupiah (US$49,600-57,300) in Indonesia.
The Indonesian vehicle market has lengthy been dominated by Japanese carmakers which at present declare a whopping 95 p.c stake out there.
To vary the market panorama, Hyundai has centered on selling its all-electric fashions.
Final month, Hyundai mentioned it should produce the IONIQ 5 in Indonesia. It accomplished a 150,000 unit-a-year plant within the Deltamas industrial advanced close to Cikarang, 40 kilometers east of Jakarta, in December.
IONIQ 5 is provided with Hyundai Motor Group’s EV-only electric-global modular platform (E-GMP) at its Indonesian plant for native gross sales.
Hyundai’s different E-GMP fashions embody the IONIQ 6 sedan and IONIQ 7 SUV set to be launched this yr and in 2024, respectively.
The Indonesian plant is already producing the compact Creta SUV, a strategic mannequin for the area, and is predicted to churn out the Santa Fe SUV within the first half and a small multi-purpose automobile within the second half, Hyundai mentioned.
A lot of the automobiles to be produced within the plant will probably be bought in Indonesia and exported to Affiliation of Southeast Asian Nations markets, it mentioned.
Hyundai mentioned it plans to take a position 1.92 trillion received within the plant and improve its output capability to 250,000 items.
The maker of the Sonata sedan and the Santa Fe SUV mentioned it should assist the Indonesian authorities in its plans to transform 130,000 items of public automobiles to electrical ones by 2030.
“I hope that this IONIQ 5 from Hyundai will change into an necessary milestone within the improvement of Indonesia’s electrical automobile ecosystem, and additional speed up the electrical automotive ecosystem that’s extra superior,” Indonesian President Joko Widodo mentioned within the plant’s inauguration ceremony in Cikarang on March 16.
Hyundai can be working with LG Vitality Resolution Ltd., South Korea’s main automotive battery maker, to construct a battery cell manufacturing facility in Karawang, Indonesia, with a goal to begin manufacturing in 2024.
It has seven home crops — 5 in Ulsan, one in Asan and one in Jeonju — and 11 abroad crops — 4 in China and one every in the US, the Czech Republic, Turkey, Russia, India, Brazil and Indonesia. Their mixed capability reaches 5.65 million automobiles.
kyongae.choi@yna.co.kr
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