By
Vietnam News Agency
Thu, October 17, 2024 | 3:06 pm GMT+7
China’s leading electric vehicle maker PT BYD Motor plans to build an IDR11,700 billion ($754 million) plant in Indonesia, with a capacity of 150,000 EVs per year, a local official said on Wednesday.
Customers checks an EV. Photo courtesy of en.tempo.co
This investment not only serves as proof of BYD’s trust in the Indonesian market’s potential but also strategically strengthens Indonesia’s position as a center for EV manufacturing on the global and regional scale, said acting director general of Metal, Machinery, Transportation Equipment and Electronics at the Indonesian Ministry of Industry Putu Juli Ardika.
BYD successfully sold 2,000 units of EVs in Indonesia from June to September.
Andy Lin, BYD’s administration director, said BYD will launch more EV models in Indonesia and introduce plug-in hybrid (PHEV) models.
It will also integrate top-notch automotive manufacturing capabilities in Indonesia with new state-of-the-art technology to support Indonesia’s automotive industry chain.
