Chinese manufacturers are betting on entering the Indonesian market, the largest in Southeast Asia, and are counting on the successful implementation of electric vehicles, since Japanese competitors control 90% of the market, but these are cars with internal combustion engines.
Recently, BYD introduced the models of its automobiles at the Jakarta Auto Show, which will be produced in a $1 billion facility on an area of 1.08 square meters. km in West Java province. Construction of the facility is planned to start in August 2024 and be put into operation in January 2026. The capacity of the facility will be announced later.
“We are confident that the completed facilities can promote the growth of Indonesia’s automotive industry and the transition to clean energy, as well as support the economy, especially in the surrounding region,” said BYD Motor Indonesia President Director Eagle Zhao.
Source: Ferra
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