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Monday, April 29, 2024

Bangkok Post – Indonesia says BYD to invest $1.3 billion to boost output

Visitors inspect China’s BYD electric vehicles during its launch ceremony in Jakarta on Thursday. (Photo: Reuters)

China’s BYD (Build Your Dreams), the world’s largest maker of electric vehicles (EVs), will invest US$1.3 billion in Indonesia, including in a production facility, according to a senior government official.

The manufacturing plant will have a capacity of 150,000 units, Indonesia’s Coordinating Economic Minister Airlangga Hartarto said in Jakarta on…

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