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Conglomerates, start-ups enter electric vehicle industry
Bakrie Group is the latest conglomerate to enter the electric vehicle industry, following in the footsteps of other companies, both small and large.
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Tri Saktir carrosserie director Andi Widodo (left), BYD Indonesia and Malaysia managing director Eagle Zhao (second left) and 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. (Courtesy of Vektr Mobiliti Indonesia (VKTR)/-)
C
onglomerates and start-ups alike are strengthening their grip on the green transportation industry by engaging in the manufacture and procurement of electric vehicles (EV) for their businesses.
PT Vektr Mobiliti Indonesia (VKTR) became the latest company to tap into the industry when it announced on Thursday that it would manufacture electric buses (e-buses) in collaboration with local carrosserie manufacturer Tri Sakti and top Chinese EV producer BYD Auto.
“With this partnership, we are officially opening the first e-bus manufacturing facility in Indonesia,” said Anindya Novyan Bakrie, president director and CEO of Bakrie and Brothers (BNBR).
VKTR is a spin-off of PT Bakrie Autoparts, an automotive component subsidiary of BNBR, a conglomerate with businesses in mining, construction, agriculture, manufacturing, trade and other sectors.
Anindya went on to say that VKTR was established to focus on transportation electrification, starting with the heavy mobility EV segment.
“We hope that VKTR will soon become the first electrification start-up to attain unicorn status,” he said, adding that the company would also venture into other transportation segments, EV infrastructure, battery production and EV financing in the future.
Meanwhile, VKTR president director Gilarsi Setijono said the company would supply 30 e-buses to Transjakarta this week for the latter's feeder bus fleet.
