Chinese manufacturer BYD plans to invest US$1.3 billion (RM6.13 billion) for the construction of an EV manufacturing plant in Indonesia, Jakarta Globe reported. This manufacturing plant will have a production capacity of 150,000 units, according to the report.
Alongside construction plans for its manufacturing plant in Indonesia, BYD aims to establish up to 50 sales outlets across the country by the end of this year.
“I appreciate BYD’s commitment to launching battery electric vehicles. I hope this can strengthen the era of electric vehicles, an environmentally friendly ecosystem,” Indonesian coordinating minister for economic affairs Airlangga Hartarto was quoted as saying.
The future EV manufacturing plant in Indonesia will be the fifth overseas EV plant for BYD, following Thailand, Uzbekistan, Brazil, and Hungary, reported Car News China.
From July 2023, Indonesian investment minister Bahlil Lahadalia announced that EV manufacturers such as BYD, Wuling Motors and more would establish factories in Indonesia, and its government is considering further incentive – such as abolishing import tariffs and value-added tax – for companies investing in EV manufacturing.
Elswhere in the region, the Chinese EV manufacturer had planned for Thailand to be its production base for right-hand-drive versions of its vehicles, both for local consumption in the country as well as for export to other RHD markets such as Australia and Malaysia.
Being one of two nations – the other being the Philippines – which account for almost half of the world’s nickel reserves, Indonesia is a good choice for makers of EVs and their batteries as nickel is a key raw material used in their manufacture.
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Ribuan dan Jutaan terima kasih to a 100k policy by a certain minister who is the father of the Thai and Indonesia BEV automotive industry.
BYD Banyak Ya Duit.. RM 6biliyun Datang la Kedah pn ade REE. ada masa sy bgi Karaoke free
Bodo Yang Drive
PMX bapak to Thai & Indon EV industry. He better just quit and go become their PM.
diam lah bodoh…..go leave malaysia if you don’t like it..learn to be grateful
True Msians won’t sabotage the country like how PH is doing to us. You better go back Indon or Thai.
Anwar menang, Indonesia senang
He should just go become their PM instead. Leave us alone.
another ungrateful idiot….PH BN is the best government in history…. only ungrateful idiots like you complain……
Best gohmen? You must be an Indon or a Thai. True loyal Msians won’t sabotage the country like how PH is doing to us.
Well done to our neighbour, Thailand. It seems like our corrupt politicians can learn something from them.
Like how to be more corrupt than they are today? I agree
Do you want to know why Thailand got so many investments from EV companies? Because they don’t have PH and formula man.
Their locals there dont have anti ev sentiments like Malaysian netizens
stupid comment ever. i dont remember when we in PN regime era, do we have any ev investment? or any investment? what i know is your beloved pm muhyiddin invest millions ringgit for his prime minister residency, while that time no egg in market, minyak masak price rm40, and ayam sekilo rm11.
There is no EV manufacturers willing to invest and open factory in Malaysia due to our useless and corrupt government.
With our corrupt government, we are hopeless. All the promises are lies. Good job Indonesia.
hahaha both thai and indonesia also got, malaysia skipped again
Not the government is useless. Indeed the people of Malaysia is useless. Being simple, choose to work. Can Malaysians work in factory?
No it is this gomen useless. Azmin had brought BYD & Chery into Msia but the current gomen did nothing so they ran away to thailand & indonesia.
But gov said BYD to invest rm45billion in Tg Mali to make it region largest auto city lehhhh
Much bigger sum than rm6. 1b
I guess it is Geely or SMART for EV
i think that’s Geely, we might get Zeekr and Smart CKD EV
Can you trust this current Govt. I sure don’t.
While the rest of the nations welcome EV investments, we are stuck with >100k only EVs. They all went elsewhere to setup their (sub 100k EV) EV plants, while we hope our local players can make before end of 2025. By then the investments from overseas would have all setup foothold on other nations.
As long as there’s need to protect p1p2, it’s gonna be hard for us.
https://www.youtube.com/watch?v=3RrjljLV9MI
Said Komunis are not welcome to Tanah Bunga Layu
Why don’t come to Malaysia?
We have no earthquakes, tsunami or volcanic eruptions.
Here no good, meh?
Yes it is bcus we have no earthquakes, tsunami or volcanic eruptions that makes rare earth which is why China flock to there. EV battery needs these rare earth.
Look in the mirror la…
Our ppl so anti-china, still want to expect them to come invest? Grow up la..
PH: Yini tarak volcano utk rare earth, kita bikin volcano!