As part of its international EV manufacturing drive, BYD is building a plant in Indonesia which is due to be complete by the end of 2025.
Chinese electric vehicle (EV) maker BYD is looking to finish a $1 billion plant in Indonesia by the end of this year and its commitment to the project is helping it temporarily export vehicles to Indonesia without paying duties, according to Reuters.
The plant is being built in Subang in West Java with an installed annual capacity for 150,000 vehicles. BYD currently exports the Seal, Atto, Dolphin and M6 models to Indonesia from China.
Eagles Zhao, BYD’s president in Indonesia, said BYD would begin by supplying the domestic market but the long-term plan for the plant would also include production for export markets. BYD sold 15,400 vehicles in Indonesia last year and is leading EV maker in the country.
As part of its plan to dominate EV sales in the Asean region, BYD also has a plant up and running in Rayong, Thailand, also with an installed annual production capacity for 150,000 EVs and batteries.
As part of its internationalisation efforts, BYD started production at a plant in Uzbekistan last year with Uzavtosanoat and is due to complete work on a factory in Hungary in 2025. It was also due to open plant in Brazil in March this year but work on the facility in Camacari was suspended in December because construction workers were found to be living in degrading conditions comparable to slavery, according to a BBC report. BYD has cut ties with the construction firm Jinjiang Construction Brazil.
To support exports from China to Europe BYD launched its third ro-ro vessel in January. The LNG-powered Hefei has capacity for 5,000 vehicles and BYD said it will be used to export its new energy vehicles to Europe and accelerate the internationalisation of its products. In October last year BYD also signed an MoU with Hyundai Glovis to share vessel capacity for deep-sea finished vehicle shipments between China and BYD’s export markets.
No comments yet