EV Giant BYD Enters RI Market with Ecosystem Development in Mind

By Editorial Team 15/01/2024
EV battery industry
Summary

China's leading electric vehicle (EV) manufacturer, BYD, is set to launch its inaugural product in Indonesia. Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan announced that BYD will unveil its product on Jan 18. "Marking a new era for Indonesia," he said on Jan 12. Luhut highlighted that BYD has surpassed Tesla in sales and product quality across various lines.

In a separate statement, Liu Xeuliang, BYD's General Manager for the Asia Pacific region, expressed the company's intention to establish a manufacturing plant in Indonesia. According to Liu, BYD aims to bring its supply chain to streamline production. "We're confident in establishing manufacturing in Indonesia. When the Indonesian government announced its policies, we chose to establish our manufacturing rather than collaborate with other companies in Indonesia. This, of course, needs to be supported by appropriate policies," he said on December 2023.

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.