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Ford to make EV investment in Indonesia in 2025: Ministry
Deputy Industry Minister Faisol Riza said he was confident about the development of the country’s EV industry and that he hoped more locally produced EVs would appear on the market.
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Employees work on a production line of the electric Ford Explorer at the Ford Electric Center Factory in Cologne, Germany, on June 4, 2024. (AFP/Roberto Pfeil)
F
ord Motor Company is expected to build an electric vehicle manufacturing plant in Indonesia next year, an Industry Ministry official said on Thursday.
Deputy Industry Minister Faisol Riza said he was confident about the development of the country’s EV industry and that he hoped more locally produced EVs would appear on the market.
“Ford has promised to realize its factory and investment in Indonesia by next year,” the minister said at an event in Jakarta.
“It looks like some of the global [automobile] manufacturers that were once here and then disappeared will also be coming back,” Faisol said, alluding to Ford’s decision to exit the Indonesian market in 2016.
Read also: China's BYD to build factory at Subang Smartpolitan
Earlier in November, State-Owned Enterprises (SOE) Minister Erick Thohir said talks had been ongoing between government officials and global automakers, including Ford and Germany’s Volkswagen, as quoted by CNN Indonesia. President Prabowo Subianto had made the talks a priority during his November overseas tour, Erick said.
Erick’s presentation revealed plans for a US$6.5 billion investment by Vale in a collaboration with Ford and VW for nickel processing plants in Southeast Sulawesi and Central Sulawesi.
