Morowali Industrial Park Sees Significant Investment and Tax Growth
Morowali Industrial Park (IMIP) has invested a massive total of USD 34.3 billion (approximately IDR 552.2 trillion) from 2015 to 2024. Investment continued to increase as of August 2024, with an increase of USD 5.4 billion (approx. IDR 86.9 trillion) from 2022 to 2023, and USD 4.16 billion (approx. IDR 66.9 trillion) from 2023 to 2024. In addition, the park has paid USD 1.16 billion (approx. IDR 185.6 trillion) in taxes to Indonesia. In 2022, it paid USD 1.32 billion (approx. IDR 21.12 trillion)
BYD and AION Receive Multiple Tax Incentives from Indonesian Government
Chinese Auto Brands Rise in Indonesia Market
Sales Ranking of Chinese Automotive Brands in Indonesia
BYD M6 Becomes the Best-Selling Electric Vehicle at Jakarta Auto Week
Wuling Registers New Electric Vehicle Model in Indonesia
Wuling Motors will expand its electric vehicle lineup for the Indonesian market, having filed patent drawings for a new model. According to official documents, the new car is an SUV, with the application accepted on October 17, 2024, and it is likely the Baojun Yunhai SUV. The exterior features innovative design with triangular headlights integrating DRL, reminiscent of Porsche, along with a trapezoidal grille, sloped hood, and traditional door handles. The roofline is slightly curved, and the rear has a spoiler and cross-shaped taillights. In terms of technical specifications, the PHEV model is equipped with a 1.5-liter gasoline engine and a 150 kW electric motor, with battery options of 9.5 kWh (range 60 km)
BYD Leads Indonesia's Electric Vehicle Market
Within less than a year of entering Indonesia, BYD has taken the lead in the local electric vehicle market. In January 2024, it launched three models—Dolphin, Atto 3, and Seal—with sales beginning mid-year. In July, the M6 was introduced and received a positive response. According to data from the Indonesian Automotive Industry Association, BYD became the market leader within a few months with just four models, and the M6 was the best-selling model in October. Wholesale sales from July to October reached 11,024 units, supported by a network of 24 dealers. The company also promoted its products through auto shows and Mall-to-Mall exhibitions. Its electric vehicle assembly plant is planned to be completed by the end of 2025 and operational in 2026, at which point models will be locally assembled.
Two Chinese Companies Invest 900 Billion Rupiah in Batang Industrial Zone
Kawasan Industri Terpadu Batang (KITB) has attracted global investment totaling 900 billion rupiah, primarily from two Chinese companies. This investment, marked by the signing of industrial land use agreements and commercial space lease agreements, signifies the cooperation between KITB and PT Sumber Sukses Machinery (SSM) and PT Xianjian Indonesia (NCH). The President of KITB stated that this investment will enhance Indonesia's global competitiveness and
Chinese Auto Brands Continue to Grow Sales in Indonesia Market
China's electric vehicle giant BYD saw an increase in car sales in the Indonesian market in October 2024 at the factory-to-dealer or wholesale level. According to the latest data from the Indonesian Automotive Industry Association (Gaikindo), BYD's electric vehicle sales in October reached 2,488 units, a month-on-month increase of 16.5%. Another Chinese automaker, Wuling, followed closely with a sales increase of 9%, selling 2,203 vehicles, compared to 2,004 units in September 2024. Chery also followed BYD and Wuling with a month-on-month increase of 699 units, up 3.71%.
Chinese Brands Dominate Indonesia's Mobile Phone Market
In the third quarter of 2024, Indonesia's mobile phone market grew by 11.3% in line with Southeast Asia's overall trend, with shipments reaching 8.7 million units, accounting for about 35% of Southeast Asia. Among them, cheap phones priced between $100 and $199 and models under $100 contributed significantly, with 5G phone penetration rising to 26%. OPPO became the best-selling brand with a 22% share, with the A3x 4G contributing the most. Xiaomi, Transsion, Samsung, and Vivo followed, with Xiaomi growing 35% thanks to the Redmi series and marketing strategies. Realme, although in the top five, fell 11%, with the C67 underperforming. Transsion Group entered the top five for the first time. Infinix smart series and Tecno Spark series focus on the entry-level market, with significant changes in market structure.
CATL invests $1.2 billion to build a factory in Indonesia
Chinese battery manufacturer Contemporary Amperex Technology Co., Limited (CATL) is investing $1.2 billion (approximately IDR 18.66 trillion) in Indonesia. CATL, through its subsidiary CBL International Development, has established a partnership with PT Indonesia Battery Corporation (IBC) and formed a joint venture to produce batteries for the Southeast Asian market. The project is located in Karawang, West Java, continuing the ambition to become a global electric vehicle hub. Battery
Prabowo Witnesses Huawei Supporting Indonesia's Renewable Energy Development
Indonesia's state electricity company PLN signed a Memorandum of Understanding (MoU) with two Chinese companies, Huawei and SDIC Power. The signing took place during President Prabowo's recent visit to China. The MoU aims to help Indonesia achieve energy self-sufficiency and promote the country's transition to renewable energy. During the signing ceremony, Prabowo stated that Indonesia and China have built a strong partnership in the energy sector, and Indonesia also seeks to achieve energy self-sufficiency through cooperation with other countries, including China. President Prabowo said that this cooperation opens a new chapter in Indonesia-China economic relations,