The Xpeng X9 recently beat Denza D9 and Kia EV9 GT Line in the 2025 Carvaganza Editors' Choice awards, winning the "Best Luxury EV" award, which is expected to enhance brand credibility and drive sales growth in the Indonesian market. Exclusive Indonesian distributor ERAL (a subsidiary of Erajaya) has received 800 orders, approaching the 2025 target of 1,100 units.
Showrooms in Jakarta and Tangerang have been put into operation, and the after-sales service system is being continuously improved. The automotive business contributes an 18% gross margin to ERAA, significantly boosting the group's profitability. Analysts predict ERAA's net profit in 2025 will reach IDR 11 trillion (a 10% year-on-year increase), and net profit in 2026 is expected to grow 26% to IDR 14 trillion.
The company's target stock price is IDR 700, corresponding to a 9.8x 2025 P/E ratio (currently trading at only 6.3x). This award strengthens ERAA's strategy of diversified transformation through high-end EV business and is expected to attract more investor attention.
The Xpeng X9 recently beat Denza D9 and Kia EV9 GT Line in the 2025 Carvaganza Editors' Choice awards, winning the "Best Luxury EV" award, which is expected to enhance brand credibility and drive sales growth in the Indonesian market. Exclusive Indonesian distributor ERAL (a subsidiary of Erajaya) has received 800 orders, approaching the 2025 target of 1,100 units.
Showrooms in Jakarta and Tangerang have been put into operation, and the after-sales service system is being continuously improved. The automotive business contributes an 18% gross margin to ERAA, significantly boosting the group's profitability. Analysts predict ERAA's net profit in 2025 will reach IDR 11 trillion (a 10% year-on-year increase), and net profit in 2026 is expected to grow 26% to IDR 14 trillion.
The company's target stock price is IDR 700, corresponding to a 9.8x 2025 P/E ratio (currently trading at only 6.3x). This award strengthens ERAA's strategy of diversified transformation through high-end EV business and is expected to attract more investor attention.