BYD is on track to complete its $1 billion EV production plant in Indonesia by the end of 2025, according to Eagle Zhao, BYD’s president director in Indonesia. This move highlights the company’s ambition to solidify its presence in a market traditionally dominated by Japanese automakers.
Key Details of the Plant
- Location: Subang, West Java, within an industrial complex.
- Production Capacity: 150,000 EV units annually.
- Timeline: Construction is set for completion by the end of 2025, with production starting shortly thereafter.
- Export Focus: The plant is intended to serve both domestic and export markets.
BYD’s investment aligns with Indonesia’s EV strategy, which includes tax incentives and an import duty waiver for automakers to stimulate EV demand and attract foreign investment. The Indonesian government has set an ambitious target of producing 600,000 EVs domestically by 2030.
