Indonesia’s EV Megaproject: Auto-Giants Secure Positions

  • Indonesia is making a chance to be the hub of EV industry in Southeast Asia. The country has secured several investment deals with battery giants and top EV manufacturers regarding its EV megaproject. More deals are expected to be made soon, including with Tesla.
  • This number 4th most populous country is seen as promising EV market, with EV sales growth doubled last year, even with poor EV infrastructure. The country energy SOEs are calling for business cooperation to build more EV charging stations and battery swap stations.
  • Japan carmakers which dominate Indonesia’s automobile market is being challenge.
  • Korean carmaker Hyundai launched the first electric car manufactured in the country last April, after recording top EV selling in the country last year. Meanwhile China's low-cost EV manufacturers’ have expressed their interests to enter the market.

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