BYD enters Indonesia with three pure electric models and plans to invest US$1.3 billion to build a factory to expand its footprint in Southeast Asia

The Indonesian market has recently welcomed an important move by BYD, a global leader in electric vehicle manufacturing. BYD released three high-profile pure electric models on the same day, namely Dolphin, Seal and ATTO3 (also known as Yuan PLUS). This means that BYD is gradually expanding its business layout in the Southeast Asian market. This move attracted widespread market attention and also demonstrated BYD's leading position in the field of electric vehicles.

At a press conference, Indonesian Economic Coordinating Minister Airlangga Hartarto announced a striking plan: BYD intends to invest up to 1.3 billion US dollars (approximately) in Indonesia. (total RMB 9.373 billion) to build a new automobile factory. According to the plan, the annual production capacity of the factory is expected to reach 150,000 vehicles, which will significantly increase Indonesia's electric vehicle production capacity.

At the press conference, BYD Indonesia President Zhao Ying introduced the company’s future development plans in detail. He noted that BYD has developed comprehensive plans and plans to start building the factory later this year. In addition, in order to meet the growing market demand, BYD also plans to establish up to 50 sales outlets across Indonesia by the end of 2024.

Yuan PLUS is an A-class trendy SUV built by BYD based on e-platform 3.0. It has attracted much attention for its excellent performance and excellent battery life. This car has a drag coefficient of only 0.29, can accelerate from 100 kilometers to 100 kilometers in just 7.3 seconds, and has a maximum cruising range of 420km under WLTP conditions.

The Indonesian government is continuing to increase its support for the electric vehicle industry. According to Indonesian Industry Minister Agus Gumiwan Kartasasmita, the government plans to eliminate import duties and value-added tax levied on investors in local electric vehicle factories. This policy adjustment is expected to create a more favorable investment environment for electric vehicle manufacturers such as BYD.

Last year, Indonesian Coordinating Minister of Marine Affairs and Natural Resources Luhut Panjatan said that Indonesia was studying a series of incentives to attract domestic and foreign electric vehicle manufacturers to invest in building factories. He specifically mentioned that Indonesia hopes to attract industry giants like BYD and Tesla to invest. This initiative aims to promote the development of Indonesia's automobile industry in a more environmentally friendly and sustainable direction, while also creating more opportunities for the local economy. This shows that the Indonesian government attaches great importance to the electric vehicle industry and is willing to provide support and convenience for this purpose.

The above is the detailed content of BYD enters Indonesia with three pure electric models and plans to invest US$1.3 billion to build a factory to expand its footprint in Southeast Asia. For more information, please follow other related articles on the PHP Chinese website!