17 Indonesian companies ready to become Apple suppliers
The Ministry of Industry expects domestic companies to integrate into Apple's global supply chain, with about 17 domestic companies ready to enter Apple's value chain, covering components such as chargers and LEDs. At the same time, the government is advancing research on digital development related to Industry 4.0 and has proposed to Apple to help drive the digital transformation of Indonesia's manufacturing sector in order to achieve an 8% economic growth target. Recently, the Ministry of Industry received a $100 million investment proposal from Apple for the next two years to build a factory for AirPods Max headphone bearing components, which is related to Apple's efforts to persuade the Indonesian government to lift the ban on the iPhone 16 series. Currently, the government is considering whether the proposal is fair, comparing Apple's investments in Indonesia with those in Vietnam, India, and other countries, as well as other smartphone manufacturers. In addition, Indonesia hopes that Apple will build factories to create added value and absorb labor, rather than just using Indonesia as a product sales market.
The average annual expenditure of Indonesian residents this year is 12.34 million rupiah
Indonesia Imports 402,000 Tons of Garlic from China from January to October 2024
Indonesia's Best-Selling Car in November: Innova Takes the Lead, Surpassing Avanza and Brio
Latest Official Fee Standards for Indonesian Visas and Stay Permits
Indonesia is Becoming a Hub for Photovoltaic Production Capacity
The photovoltaic cell and module production line at the Yuncheng Photovoltaic Indonesia factory has officially commenced operations, with a nameplate capacity of 2.5GW each, capable of producing PERC and n-type products. Its CEO stated that the United States is an important market, and by mid-2025, American customers will be able to purchase products from Indonesia, Laos, or the United States, with US-made modules available by early 2026. The Batam battery factory utilizes 5G technology and automated logistics, starting operations in September 2024, and is already meeting customer demand for advanced solar technology. Indonesia is becoming a new hotspot for photovoltaic production capacity. A 5GW ingot-to-module factory in Central Java started construction in September 2024, with Phase I expected to be completed in Q2 2025
Indonesian Government Reviews, Suspends Nickel Smelter Development Plans
The Ministry of Energy and Mineral Resources plans to review the policy of suspending or restricting the operation of nickel refining and processing facilities in Indonesia. The Deputy Minister stated that due to industry considerations regarding demand for nickel products, the suspension plan needs to be reassessed. Currently, no measures have been taken to suspend the construction of domestic RKEF nickel smelters. The Director General of Minerals and Coal mentioned that restrictions or suspensions had been considered before, but it is still under evaluation whether to implement them. Indonesia is the world's largest nickel producer, holding 23% of global reserves, with total resources of 17.7 billion tons of ore and reserves of 5.2 billion tons of ore. Undeveloped areas include Sulawesi, Maluku, and Papua provinces.
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.
China-Indonesia Two Countries Twin Parks Service Center Launched at Guangzhou Baiyun Airport
On December 12, the Indonesia Investment Service Center and the China-Indonesia Two Countries Twin Parks Baiyun Airport Advisory Station were unveiled at Terminal 2 of Guangzhou Baiyun International Airport. This is also the first "Belt and Road" national advisory station at Baiyun International Airport, which will provide convenient services for China-Indonesia economic and trade cooperation, open up more future cooperation opportunities, and promote mutual benefit and win-win results for Chinese and Indonesian enterprises in a wider range of fields. Consul General of the Indonesian Consulate in Guangzhou, the Overseas Chinese Affairs Office of the People's Government of Guangdong Province, the Guangdong Provincial Committee of the China Council for the Promotion of International Trade, and the Guangzhou Returned Overseas Chinese Federation, as well as project leaders from both sides, and distinguished guests from all walks of life gathered together to witness
Top-Selling Cars in Indonesia in October
October car sales data for Indonesia has been released. The top five brands remain unchanged, but Suzuki and Mitsubishi swapped positions. BYD rose to sixth place, while Fuso and other brands moved down. Total brand sales in October reached 77,191 units, hitting a new high, up 6.2% month-on-month. Cumulative sales from January to October reached 710,406 units, achieving 83% of the annual target. However, Neta sales data are temporarily unavailable due to delayed reporting. Top 20 best-selling brands in October 2024: Toyota 27,030, Daihatsu 14,096, Honda 8,633, Suzuki 5,491, Mitsubishi 5,486, BYD 2,488, Fuso 2,414, Hino 2,320, Wuling 2,203, Isuzu 2,106, Hyundai 1,711, Chery 698, BMW 506, Mazda 300, MG 277, Mercedes-Benz 260, UD Trucks 183, Lexus 181, Citroën 116, Mercedes-Benz CV 132.