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VKTR to build electric bus, truck assembly plant next year after IPO
VKTR, the electric vehicle (EV) arm of the conglomerate Bakrie Group, plans to build an assembly plant next year and locally produce some of electric four-wheeler components after its IPO on June 19.
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Tri Saktir carrosserie director Andi Widodo (left), BYD Indonesia and Malaysia managing director Eagle Zhao (second left), PT Bakrie and Brothers president director and CEO Anindya Novyan Bakrie (second right) stand in front of a VKTR electric bus parked in a warehouse in Magelang, Central Java, on Feb.17 2022. (Courtesy of Vektr Mobiliti Indonesia (VKTR)/-)
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T VKTR Teknologi Mobilitas, an electric vehicle (EV) subsidiary of local conglomerate Bakrie and Brothers, said it would build its assembly plant next year, following an initial public offering (IPO) scheduled to take place on June 19.
Its subsidiary VKTR Trisakti will be the one building the production plant, which will be located in Magelang, Central Java. The plant will handle both assembly for electric trucks and buses.
“In the future, we are not going to only import the units, but partially import bus parts and we will assemble it ourselves,” Achmad Syarif Kadir, chief investor and corporate secretary told The Jakarta Post on Tuesday.
Currently, VKTR has acted as a trading company that imports completely built-up (CBU) K9 electric buses from BYD, China’s largest EV manufacturer, which has been used by city-owned bus operator Transjakarta.
Achmad went on to say that there are some bus components that will be produced locally through its sister company Bakrie Autoparts, which has experience in producing automobile spare parts.
He has not revealed how many percent of bus parts will be produced locally, but sooner or later he expects the company will be obliged to meet a certain amount of local content (TKDN) required by the government.
The government has said that electric four-wheelers should have at least 40 percent of local contents until 2023 and will be increased to 80 percent in 2030, as stipulated under Presidential Regulation No. 55/2019.
