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Local truck producer taps Chinese defense firm to build EV truck factory
Norinco plans to bring in technology from BeiBen Truck, the manufacturer of Mercedes-Benz trucks that was established in 1988.
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Piang Awal Kalim (left) and Ge Ling Xing (second left) of Norinco International stand on Sept. 15 with Bambang Susilo (second right) and Hilman of Nusatama, after the signing of a memorandum of understanding (MoU) between the two companies. (PT Nusatama Berkah/-)
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T Nusatama Berkah, a publicly listed heavy equipment producer under ticker NTBK, has signed a memorandum of understanding (MoU) with Chinese state-owned defense company Norinco International to jointly manufacture electric trucks in Indonesia.
According to the agreement signed on Sept. 15, Norinco will conduct a study of "major" investment plans to establish a manufacturing facility for electric trucks in the country.
Norinco's country director Ge Ling Xing said in a statement on Tuesday that he is confident in the potential of the Indonesian market.
The partnership is aimed at introducing locally produced electric trucks under the NTBK brand, which are tailored to the needs and preferences of Indonesian consumers.
To do that, Norinco plans to bring in its subsidiary BeiBen Truck, which was formed through a collaboration with Daimler-Benz to manufacture Mercedes-Benz trucks.
Read also: Govt to roll out red carpet for China's BYD with EV tax incentive
The government has been rolling out incentives to entice electric vehicle (EV) carmakers to set up production facilities in Indonesia.
