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China’s Wuling urges govt to be consistent in EV policies
The government has revised its regulations on EVs as it has introduced a suite of tax incentives to expand the domestic market adoption and attract more automakers to set up production facilities in the country.
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Dazzling white: Wuling’s latest electric vehicle model, Cloud EV, is displayed on Feb. 24, 2024 at the Chinese automaker’s booth during the Indonesia International Motor Show (IIMS) 2024 at Jakarta International Expo in Kemayoran, Jakarta. (AFP/Yasuyoshi Chiba)
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armakers already operating in Indonesia have called for consistent regulations in the battery electric vehicle (BEV) industry to ensure a level playing field, as the government seeks to attract other manufacturers to the country.
PT SAIC General Motors Wuling (SGMW) Indonesia president director Shi Guoyong stressed the importance of fairness in regulatory obligations, given the substantial investments made by Wuling to the country.
“It would be unfair if competitors enjoyed lighter regulatory requirements, especially since we have invested heavily from the beginning,” said Shi, as quoted from Bisnis.com.
Wuling had meticulously planned its product launches which required significant development time, he said, adding that this would require a stable regulatory environment.
“As an automotive industry player, we seek sustainable and continuous regulations,” Shi asserted.
Read also: BYD, other carmakers to follow through on local factory plans: Govt
Indonesia is Wuling’s only electric vehicle (EV) manufacturing location outside of China. The company has invested US$700 million to the country since 2017, including building a manufacturing facility with an annual production capacity of 10,000 units.
