Indika Charge Up New Expansion with Electric Bus Factory

By Editorial Team 28/06/2023
Foxconn's electric buses
Summary

PT Indika Energy Tbk (INDY) plans to build a factory for electric buses and trucks after launching the Alva One and Alva Cervo electric motorcycles. According to INDY President Director Arsjad Rasjid, the company will collaborate with European partners to develop electric buses and trucks. “We will build an electric vehicle ecosystem from upstream to downstream,” Arsjad said.

As part of its electric vehicle ecosystem development, Indika Energy will build a factory for electric buses and trucks after constructing a bauxite processing facility.

Bauxite is one of the raw materials for electric vehicle components. The company is also considering a battery recycling system to reduce waste and minimize new mining activities. “We have formed a holding for the electric vehicle ecosystem,” he said.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.