China's top electric vehicle maker BYD aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday, underscoring the firm's ambition to dominate in the market where Japanese automakers are popular.
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The plant, which is being built at an industrial complex in Subang, West Java, will have a production capacity of 150,000 EV units annually
The long-term plan for the plant is for the export market, said Eagle Zhao, its president director in Indonesia
JAKARTA (Reuters) -- China's top electric vehicle maker BYD aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said Monday. The long-term plan for the plant is for the export market, said Eagle Zhao, its president director in Indonesia.
BYD Indonesia Plant: "Every single progression of our local manufacturing is quite smooth and also on the track. We will keep our commitment, which is by end-2025, we will complete the construction works,