📋 Tender Overview
Scope : To Build Electric Vehicle Plant in Indonesia
BYD is to invest $1.3bn in an electric vehicle factory in Indonesia, after the Chinese carmaker unveiled three new battery models for sale with the aim of becoming Indonesia’s biggest EV brand.
The site would be the sixth auto plant outside China planned by the Warren Buffett-backed group, as it expands its manufacturing footprint closer to overseas markets.
At an event in East Jakarta to launch three new models, the Indonesian government’s coordinating minister of economic affairs, the carmaker would invest $1.3bn to build a plant with a capacity of 150,000 vehicles.
The group would start construction of its facilities this year.
BYD wants to overtake the top-selling models in the Indonesian market last year, which included the Hyundai Ioniq 5, and the Air EV from China’s Wuling Motors.
Following the export ban, billions of dollars have poured into the Indonesian nickel industry, particularly from Chinese mining groups.
BYD, which is also one of the world’s biggest EV battery makers, is aggressively expanding overseas at a time of rising protectionism in the west against products made in China.
