BYD’s global expansion strategy is progressing steadily. Ying Zhao, President of BYD Indonesia, recently announced that the company plans to complete the construction of its $1 billion factory in Indonesia by the end of 2025.
Source: The Paper
BYD’s global expansion strategy is progressing steadily. Ying Zhao, President of BYD Indonesia, recently announced that the company plans to complete the construction of its $1 billion factory in Indonesia by the end of 2025. The plant will primarily focus on serving export markets as part of BYD’s long-term strategy. “Every step of the factory’s construction in Indonesia has been going smoothly and is on schedule. We are committed to finishing the construction by the end of 2025,” said Zhao.
The BYD factory in Indonesia is located in the Subang Smartpolitan Industrial Zone in West Java and will have an annual production capacity of 150,000 electric vehicles. The factory’s planning began in May 2023, and it is expected to be completed by the end of this year, creating over 18,000 new jobs in the region. Beyond manufacturing, BYD also plans to establish an R&D center, training facilities, and other infrastructure to create a more comprehensive electric vehicle ecosystem. Currently, BYD holds over a third of Indonesia’s electric vehicle market share.
According to data from the Indonesian Automotive Association, BYD sold 15,429 vehicles in the country in 2024, marking the first year of sales for the company. Based on figures from January to November, BYD leads Indonesia’s electric vehicle market with a market share of around 36%. As the scale of investment grows, BYD will expand its production capacity in Indonesia and use the factory as a research and development hub for batteries and plug-in hybrid electric vehicles (PHEVs). To support this investment, the Indonesian government has pledged to accelerate infrastructure development, including the planning and construction of highways and ports. The government will also streamline the approval process for permits and offer various incentives to BYD.