Jakarta (VNA) - China's leading electric vehicle maker PT BYD Motor plans to invest 11,700 billion IDR (754 million USD) to build a plant with a capacity of 150,000 units of electric vehicles (EVs) per year in Indonesia, a local official said on October 16.
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 centre for electric vehicle 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 electric vehicles 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./.
