BYD, a Chinese electric vehicle manufacturer, is nearing the completion of its $1 billion production facility in Indonesia by the end of 2025. The plant, located in Subang, West Java, is set to have an annual production capacity of 150,000 EV units, primarily targeting the export market.
Eagle Zhao, the president director of BYD Indonesia, expressed confidence in the progress of the local manufacturing, stating that the construction work is on track to meet the end-2025 deadline. Once completed, the new facility is expected to start producing vehicles promptly.
In 2024, BYD made significant strides in the Indonesian market, selling 15,429 units during its first year of operations. The company dominated the battery-powered electric vehicle market, capturing approximately 36% of the market share from January to November.
BYD’s expansion in Thailand also saw the opening of a vehicle assembly plant with a matching production capacity of 150,000 units per year in July 2024.
Moreover, BYD Auto marked its official entry into the South Korean market by introducing the Atto 3 battery-powered compact SUV. The eligibility for subsidies for the Atto 3 in South Korea is pending government assessment.
On the Indonesian automotive front, new vehicle sales experienced a 6% decline in December 2024, with 79,806 units sold compared to 85,284 units in the previous year. The overall vehicle market in Indonesia also saw a 14% decrease, dropping from 1,005,802 units in 2023 to 865,723 units in 2024. Passenger vehicle sales decreased by 14% to 672,986 units, while commercial vehicle sales fell by 15% to 192,737 units.
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