BYD to Make EVs in Indonesia Starting in 2026 C
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Posted On: 05/13/2024 5:05:25 PM
BYD to Make EVs in Indonesia Starting in 2026
Chinese automaker BYD has officially confirmed that it will build an electric-vehicle factory and start manufacturing EVs in Indonesia in 2026. Construction on the facility will start later this year on a 100-hectare plot in West Java’s Subang Smartpolitan Industrial Area that BYD is currently purchasing, the carmaker says.
Although BYD hasn’t provided any information on the facility’s production capacity, the company expects to begin manufacturing EVs at the start of 2026, giving it roughly two and a half years to build the factory and ready it for production. According to a statement from the Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto, BYD invested a whopping $1.3 billion into the Subang Smartpolitan Industrial Area facility in early 2024 and plans to produce 150,000 electric cars in Indonesia annually.
BYD is currently one of the largest electric-vehicle manufacturers on the globe and has even given Tesla a run for its money in the Chinese market. The Shenzhen-based carmaker has several production plants outside its home country, and the Indonesia facility will be its fifth-largest overseas electric vehicle factory after facilities in Thailand, Uzbekistan, Brazil and Hungary. However, despite BYD’s efforts to expand to foreign markets, it is having trouble drumming up similar levels of EV demand outside of China.
As a result, electric-vehicle exports account for only 8% of BYD’s sales revenue. The carmaker is still forging ahead with its foreign expansion plans and plans to export at least 500,000 electric cars in 2024 and a million units next year.
PT BYD Motor Indonesia president director Eagle Zhao said BYD chose the 100-hectare West Java plot because it met supporting infrastructure, environment, distance and area requirements. In a statement released in January 2024, Zhao said BYD settled on the location after several assessments proved that it would be the most suitable location to develop its Indonesian BYD industry. He added that BYD also has plans to build a research and development and training center at the location.
January also saw BYD debut three battery electric vehicles in the Indonesian market — the Dolphin, Atto 3 and Seal — as well as environmentally friendly products during a Jakarta event. The products are already being distributed and sold in dozens of countries. Liu Xueliang, from BYD’s Asia-Pacific Auto Sales Division, said at the time that it was a great opportunity for the company to offer sustainable new-energy vehicles to consumers in Indonesia.
If other carmakers such as Mullen Automotive Inc. (NASDAQ: MULN) are to make significant inroads in the international EV market, they need to act fast and scale up their operations in strategically selected hubs around the world.
NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN
Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer
Chinese automaker BYD has officially confirmed that it will build an electric-vehicle factory and start manufacturing EVs in Indonesia in 2026. Construction on the facility will start later this year on a 100-hectare plot in West Java’s Subang Smartpolitan Industrial Area that BYD is currently purchasing, the carmaker says.
Although BYD hasn’t provided any information on the facility’s production capacity, the company expects to begin manufacturing EVs at the start of 2026, giving it roughly two and a half years to build the factory and ready it for production. According to a statement from the Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto, BYD invested a whopping $1.3 billion into the Subang Smartpolitan Industrial Area facility in early 2024 and plans to produce 150,000 electric cars in Indonesia annually.
BYD is currently one of the largest electric-vehicle manufacturers on the globe and has even given Tesla a run for its money in the Chinese market. The Shenzhen-based carmaker has several production plants outside its home country, and the Indonesia facility will be its fifth-largest overseas electric vehicle factory after facilities in Thailand, Uzbekistan, Brazil and Hungary. However, despite BYD’s efforts to expand to foreign markets, it is having trouble drumming up similar levels of EV demand outside of China.
As a result, electric-vehicle exports account for only 8% of BYD’s sales revenue. The carmaker is still forging ahead with its foreign expansion plans and plans to export at least 500,000 electric cars in 2024 and a million units next year.
PT BYD Motor Indonesia president director Eagle Zhao said BYD chose the 100-hectare West Java plot because it met supporting infrastructure, environment, distance and area requirements. In a statement released in January 2024, Zhao said BYD settled on the location after several assessments proved that it would be the most suitable location to develop its Indonesian BYD industry. He added that BYD also has plans to build a research and development and training center at the location.
January also saw BYD debut three battery electric vehicles in the Indonesian market — the Dolphin, Atto 3 and Seal — as well as environmentally friendly products during a Jakarta event. The products are already being distributed and sold in dozens of countries. Liu Xueliang, from BYD’s Asia-Pacific Auto Sales Division, said at the time that it was a great opportunity for the company to offer sustainable new-energy vehicles to consumers in Indonesia.
If other carmakers such as Mullen Automotive Inc. (NASDAQ: MULN) are to make significant inroads in the international EV market, they need to act fast and scale up their operations in strategically selected hubs around the world.
NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN
Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published: https://www.GreenCarStocks.com/Disclaimer
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