BYD's $1B Indonesia EV Plant to Produce 150,000 Cars Annually

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BYD is building a $1 billion car factory in West Java, Indonesia that will make electric vehicles (EVs) more accessible in Southeast Asia.

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This factory, set to open by late 2025, will make 150,000 electric cars each year, creating new possibilities for Indonesia's automotive sector.

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Eagle Zhao, a representative from BYD states that everything is going smoothly with our factory construction and they'll finish it by the end of 2025.

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The factory matters because BYD has sold 15,429 electric vehicles in Indonesia during 2024, their first year there and now control 36% of Indonesia's electric car market.

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The Indonesian Government is letting BYD bring in cars without extra taxes for now, as they want 600,000 electric cars made locally by 2030.

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BYD is bringing new electric vehicle options, besides Japanese brands, to the region and are planning to bring their luxury brand, Denza, showing their cars for different markets.

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The new factory is part of a bigger change in Indonesia's automotive industry and when more cars are made locally, it creates opportunities throughout the automotive supply chain.

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Some of these cars will stay in Indonesia, while others will be sold to nearby countries, helping Indonesia become an important place for making electric cars in Southeast Asia.

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