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Jakarta Post

Nissan looks for growth in Indonesia’s electric vehicle market

  • Rachmadea Aisyah

    The Jakarta Post

PREMIUM
Jakarta   /   Wed, August 7, 2019   /  07:15 am
The Jakarta Post Image
Vincent P. Wijnen, senior vice president for Nissan Asia and Oceania.(JP/Rachmadea Aisyah)

While Japan-based Nissan Motor Co.’s gloomy global financial and operational performance is in the international spotlight, the company is pinning its hopes on “opportunities for growth” in Indonesia's underdeveloped electric vehicle market. Nissan recently announced that it would cut 12,500 jobs globally and reduce production by 10 percent after its operating profit plunged 99 percent in the first fiscal quarter this year as its aging lineup weighs on profitability amid a global slump in car demand, according to international media reports. In Indonesia, however, Nissan participated in this year’s Gaikindo International Motor Show (GIIAS), held from July 18 to 28 at the Indonesia Convention Exhibition (ICE) center in BSD, Tangerang, showcasing electric vehicles as the company introduced an affordable electric vehicle, Leaf, in the country. Nissan sen...