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BYD vows to build car factory in Indonesia this year
A planned production facility to be opened in Indonesia by BYD is not expected to increase nickel consumption as the Chinese carmaker is a pioneer of non-nickel battery technology.
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A man inspects the interior of a BYD Atto 3 model at a BYD product launch event in Jakarta on Jan. 18, 2024. (JP/Aditya Hadi)
Chinese electric vehicle (EV) manufacturer BYD has vowed to set up a production facility in Indonesia this year.
"Our progress aligns with the direction of the Indonesian government. It is part of our long-term commitment to fostering the EV ecosystem development in the country," said Eagle Zhao, president director of BYD's local subsidiary, during a product launch event on Thursday.
The company declined to disclose where the facility would be built, what its capacity would be or when construction would start.
At the event, BYD launched three car models, namely the Dolphin, Seal and Atto 3. All of them are to be manufactured in China before being imported into the country.
The firm said it was still in talks with regulators and conducting market studies to determine the prices of those cars in the Indonesian market.
Coordinating Economic Minister Airlangga Hartarto noted that the BYD cars would diversify the range of EVs available in Indonesia and promote EV adoption in the country.
He said the investment of the China-based firm in Indonesia would amount to US$1.3 billion and the factory would have a production capacity of 150,000 units per year, based on a discussion with BYD executives.
