Luhut Panjaitan, Indonesia’s Coordinating Minister for Maritime and Investment, revealed through the Instagram platform today that officials from the country had previously met with BYD to finalize investment in BYD factories. He said BYD is enthusiastic about investing in Indonesia and aims to start commercial production there in early 2026.
In January this year, BYD launched three pure electric models in Indonesia – Dolphin, Seal, and ATTO3 (yuan PLUS), further expanding its Southeast Asian market territory. Indonesian Minister of Economic Coordination Airlangga Hartarto also announced at the press conference that BYD will invest US$1.3 billion (Note: currently about 9.36 billion RMB) to build an automobile factory in Indonesia with an expected production capacity of 150,000 vehicles.
BYD Indonesia president Eagle Zhao has said the company is on track to start building the facilities later this year and will establish up to 50 sales outlets nationwide by the end of 2024.
BYD, Wuling Motors and other electric vehicle manufacturers will build factories in Indonesia. He also revealed that the Indonesian government is considering more tax incentives to attract electric vehicle manufacturers.
