BYD, the world’s largest electric vehicle manufacturer, launched three pure electric models in Indonesia today – Dolphin, Seal, and ATTO3, further expanding its Southeast Asian market territory.
In addition, Indonesian Minister of Economic Coordination Airlangga Hartarto also announced at the press conference that BYD will invest US$1.3 billion (Note: currently about 9.373 billion RMB) to build an automobile factory in Indonesia with an expected production capacity of 150,000 vehicles.
BYD Indonesia president Eagle Zhao said the company is on track to start building the facilities later this year and will have up to 50 sales outlets across the country by the end of 2024.
Atto 3 is BYD’s first A-class trendy SUV based on e-platform 3.0. The vehicle has a drag coefficient as low as 0.29, can accelerate from 0 to 100 kilometers in 7.3 seconds, and has a maximum range of 420km (WLTP).
In fact, Indonesia has been trying to provide incentives to attract investment from electric vehicle manufacturers. Indonesian Industry Minister Agus Gumiwan Kartasasmita said that the government is considering abolishing import tariffs and value-added tax for companies investing in local electric vehicle factories.
“We are optimistic that if implemented, this will boost investment and increase demand for the use of electric vehicles,” Agus said.
Luhut Panjatan, Indonesia’s Coordinating Minister for Marine Affairs and Natural Resources, said last year that Indonesia was developing incentives for domestic electric car manufacturers and hoped to obtain investment from large companies such as BYD and Tesla.
