Cooperation between Two Sides Expected to Expand
Hyundai Motor Group chairman Chung Eui-sun exchanged views on future industries, including human-centered smart cities and future smart mobility solutions, in a meeting with Indonesian President Joko Widodo on July 28.
“Hyundai Motor Group has a diverse business portfolio that encompasses cars, construction, logistics, robots, advanced air mobility (AAM) and the green business,” said Chung, who met with the visiting Indonesian president at the Lotte Hotel. “We look forward to expanding our cooperation with Indonesia from the green business to advanced future sectors.”
Hyundai Motor Co. sold 454 electric vehicles (EVs) in Indonesia in the first half of this year, accounting for 92 percent of the Indonesian EV market. Its IONIQ 5 topped the EV sales rankings with 395 units, and the actual number of IONIQ 5 purchase contracts exceeds 2,000 units.
The Indonesian government plans to replace more than 10,000 internal combustion engine vehicles with EVs annually from 2021 to 2030. So they will total 130,000 units. In addition, by 2025, Indonesia is planning to raise the proportion of pure EV sales in total car sales to 20 percent, and ban sales of internal combustion engine vehicles beginning from 2050. These policies will fuel EV sales in the Southeast Asian nation.
President Widodo said that he expects Hyundai Motor Group to play a big role in the growth of Indonesia’s eco-friendly mobility industry. He hoped that Hyundai Motor Group will become a partner that provides clean mobility solutions in the Indonesian government's project to build a new administrative capital.