Toyota is gearing up for a significant expansion into electrification in the ASEAN region, with the automaker announcing that it will be increasing the size of its investment in Indonesia over the next five years. The company said it will be investing an additional 27 trillion rupiah (RM8 billion) in Indonesia until 2027, with the aim of ramping up production of electric vehicles (EVs) in the country.
The pledge was made by Shigeru Hayakawa, the vice-chairman of the board of directors of Toyota Motor Corporation, when he met Indonesia’s chief economic minister Airlangga Hartarto in Tokyo on Tuesday, the Jakarta Globe reports.
“We hope that with this increase in investment in Indonesia, the Indonesian government will understand our seriousness towards the electrification of motorised vehicles,” Hayakawa said. Meanwhile, Airlangga welcomed the automaker’s move to increase its electric vehicle development plans in Indonesia.
“I believe that the demand for electric vehicles, both four-wheeled and two-wheeled in Indonesia, and ASEAN in the future, will continue to increase. Indonesia can be used as an industrial base for EV production to be marketed in the region,” he said.
The latest planned investment in on top of what the Japanese carmaker has already committed to the country. It has invested 14 trillion rupiah (RM4.19 billion) in the republic since since 2019, when it initially pledged US$2 billion (RM8.26 billion at the exchange rate then) for a project to develop hybrid vehicles.
The carmaker has also been pushing development on related fronts. Last May, it launched the xEV Center, located at its Karawang manufacturing facility. It’s intended to serve as a learning centre for the public on the subject of green technology and the role of Indonesia’s transformation towards electrification, and its goal of minimising emissions through using various means of electrified vehicle options.
Over in Malaysia, the company looks like it is set to up its EV game – a Facebook post shows the presence of new DC fast chargers at the UMW Toyota headquarters in Shah Alam, in preparation for its foray into electrification, which is scheduled for next year when the Toyota bZ4X makes its local debut.
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Congratulations to Indonesia!!!
Tahniah indo. Investments going anywhere buy Malaysia. no thanks to the current BN gomen, Utter failure incompetent imbecile local goons..
When pipul invest into Indonesia, Thailand, Pinoy, etc these jokers praise them to infinity and beyond.
When pipul invest into Malaysia they blasted such investments as cronyism and pointless.
I wonder if these these jokers are Malaysian or spies from other countries. Traitors worthy to be shot.
Malaysia diamdiam ubi berisi getting real deals done while utter useless failure incompetent Jokowi still failing badly to bring Tesla into the country.
https://paultan.org/2022/07/28/hydrogen-fuel-cell-ev-assembly-in-kuching-planned-assembly-plant-to-be-set-up-by-foreign-company/
https://paultan.org/2022/07/24/evx-2022-tenaga-nasional-showcases-its-key-role-in-electrification-chargers-ecosystem-development/
https://paultan.org/2022/07/21/samsung-sdi-breaks-ground-on-rm5-8-billion-battery-plant-in-seremban-malaysia-production-to-start-2024/
https://paultan.org/2022/07/20/tnb-and-perodua-should-work-together-to-introduce-affordable-ev-charging-rates-in-malaysia-ismail-sabri/
Toyota and other giants have make good decision. Our own people should keep our ego away. Indonesia as Indonesia as single majority, their politicians have no market to play racial issues to manipulate their people. I see Indonesia government has really done a lot to improve themselves in every aspects in recent years. Malaysia politicians have room to play in race issues where they do not need to show results and can have votes just to play race card.
Copy paste: “Kadar inflasi Zon Eropah ialah 8.6 peratus pada Jun 2022, meningkat dari 8.1 peratus pada Mei 2022. Kadar inflasi di Amerika Syarikat juga meningkat 9.1 peratus pada Jun 2022 (Mei 2022: 8.6%).
“Kadar inflasi di Malaysia ialah 3.4 peratus adalah lebih rendah daripada Thailand (7.7%), Filipina (6.1%), Korea Selatan (6.0%) dan Indonesia (4.4%),” katanya.
Menurut Perdana Menteri, kajian yang dilaksanakan oleh WEF mendapati Malaysia adalah negara kedua terbaik di rantau Asia Tenggara dalam indeks daya saing dan berada di tangga ke-32 dunia.
“Dunia menilai Malaysia lebih baik disebabkan kita mempunyai asas yang kuat. Kita terlalu banyak menghabiskan masa memikir dan membincang yang buruk dan tidak baik hingga kita lupa dan tidak percaya dengan kekuatan sendiri”
After months of rather fruitless discussion between Indonesia & Tesla over setting up of EV car manufacturing base, Toyota saw the opportunity & snapped it up quickly.
The trend in this region looking increasingly like this ;
Indonesia could become the base of EV production for car maker from Japan & Korea.
Malaysia could become the base of EV production for other car makers (Smart, Geely?).
Who knows, Malaysia might swoop and get Tesla from under their noses since y’all have better educated human manpower and sound policy.