Indonesia Shandong General Chamber of Commerce Officially Inaugurated
To further strengthen unity, mutual assistance, and win-win cooperation among Shandong entrepreneurs in Indonesia, and to deepen integrated development in Indonesia, Southeast Asia, and beyond, after one and a half years of careful preparation, with the deep care and strong support of leaders at all levels of Shandong Provincial Departments, and the active promotion of all sectors of society, the "Indonesia Shandong General Chamber of Commerce" was solemnly inaugurated in Jakarta on June 2nd. This important moment marks that Shandong entrepreneurs in Indonesia now have their own "home," and also symbolizes that Shandong Province's economic and trade cooperation has entered a new historical stage. At the unveiling ceremony, the Shandong Provincial Association for Foreign Investment and
62.3% of Accumulated Containers at Jakarta Port Have Completed Procedures
Wang's Talk: Detailed Progress of Indonesia's New Capital Construction and Investment Opportunities in May
Starlink Satellite Cuts Prices Significantly After Entering Indonesia
Nickel Price Surge Earns Indonesia Over 100 Trillion Rupiah
Shopkeeper Says: Why BYD and Yadea Both Chose Indonesia
BYD and Yadea, two leading Chinese electric vehicle companies, both chose to establish factories in Indonesia in May. What is the significance behind this? Let us explore this topic in detail: First, Indonesia, as the world's fourth-largest consumer market, has a population of approximately 280 million, with a per capita GDP of $5,000, demonstrating huge potential for automobile and motorcycle consumption. Indonesia sells about one million cars annually, with a total vehicle ownership of 29 million; motorcycle annual sales are as high as 5 million units, with ownership reaching 130 million. However, over the past four decades, Indonesia's automobile and motorcycle markets have been almost monopolized by Japanese brands, whether in the production of spare parts, the complete vehicle market, or consumer channels, all dominated by Japanese enterprises. Although Wuling and Dongfeng Xiaokang have established factories in Indonesia since 2015, it has been extremely difficult to gain a foothold in a market dominated by Japanese brands. Second, in 2019, the Indonesian government issued Presidential Decree No. 55, aiming to promote the development of the electric vehicle industry. In March 2023, the Indonesian government introduced fiscal subsidy policies for electric vehicles, targeting automakers that set up factories in Indonesia and achieve a local content value (TKDN) exceeding 40%. Electric cars can receive subsidies of 25% to 80%, with VAT reduced from 11% to 1%; electric motorcycles can receive a subsidy of 7 million Indonesian rupiah per unit, and this policy is expected to continue until the end of 2025. This series of favorable policies has attracted top Chinese electric vehicle companies, including BYD and Yadea, to invest and build factories in Indonesia. Finally, Indonesia has abundant nickel resources, with reserves of about 21 million tons, accounting for 24% of global reserves, ranking first in the world. The Indonesian government hopes to leverage this resource advantage to build a complete industry chain covering upstream battery raw materials and production, as well as downstream electric vehicle manufacturing, aiming to make Indonesia the ASEAN center for electric vehicle manufacturing.
Indonesia will offer a series of incentives for Chinese investors
The Ministry of Industry (Kemenperin) will ensure convenience for potential new Chinese investors investing in Indonesia. The Secretary General of the Ministry of Industry stated that the convenience measures provided by the government include tax reductions in the form of tax holidays, tax allowances, and additional tax deductions. He conveyed this information at the "Indonesia-China Trade and Industrial Cooperation Meeting" held recently at the Ministry of Industry building in Jakarta. He stated that the government provides convenience for potential investors to operate businesses in Indonesia and offers necessary incentives in the form of fiscal and non-fiscal incentives. The government will also remove barriers to make investment and business activities easier. By 2
Japanese automakers will compete with Chinese companies in Indonesia's EV market
Competition in Indonesia's electric vehicle market has led the new president of Honda Prospect Motor (HPM) to promise an increased supply of Honda EVs, partly to compete with Chinese manufacturers like Wuling and BYD that are aggressively launching electric vehicles. The difference is that this Japanese manufacturer prefers to launch hybrid vehicles first. He believes hybrids are an important bridge to becoming pure electric vehicles, and that the development of EVs in each country is uncertain and can change, so the brand must shift its perspective on electrification. Therefore, there is not just one path, but
Indonesia Ningde Chamber of Commerce Inauguration Ceremony Held in Jakarta
On May 12, the inauguration ceremony of the Indonesia Ningde Chamber of Commerce was held in Jakarta, the capital of Indonesia. Guests including Liang Weixin, Secretary of the Ningde Municipal Committee of Fujian Province who was visiting Indonesia, representatives of the China Chamber of Commerce in Indonesia, several overseas Chinese leaders in Indonesia, and representatives of Chinese enterprises in Indonesia attended the event. Chen Riling, President of the Indonesia Ningde Chamber of Commerce, stated in his speech that in recent years, China-Indonesia relations have become increasingly close and deepened. More and more Chinese enterprises are actively responding to the Belt and Road Initiative, going overseas to Indonesia, and cultivating deeply on this investment hot land, reaping fruitful results. As part of Chinese enterprises, Ningde enterprises uphold the "Ningde Spirit," striving in the business world while actively promoting effective docking between Ningde's economic development and Indonesia's rich marine and mineral resources, achieving resource sharing and complementary advantages, making indispensable contributions to deepening China-Indonesia economic and trade cooperation.
Investment Over $150 Million! Yadea Indonesia Intelligent R&D and Production Base Officially Breaks Ground
On May 13, under the shining sun of Indonesia, Yadea welcomed another historic moment—the groundbreaking ceremony of the Yadea Indonesia Intelligent R&D and Production Base (also known as Yadea Karawang Smart Factory) was held grandly amidst widespread attention. Representatives from the Chinese Embassy in Indonesia, the China Council for the Promotion of International Trade, Indonesian Ministry of Industry, Green Industry Center, Coordinating Ministry for Investment and Mining, local government officials of Karawang Regency, relevant heads of Yadea Technology Group, dealers, supplier partners, and over 30 Indonesian TV stations and media attended the groundbreaking event. The groundbreaking of Yadea Indonesia Intelligent R&D and Production Base marks Yadea as a pioneer in the industry's overseas expansion, taking another solid step in its internationalization and injecting new vitality into its global strategy.
China-Indonesia "Two Countries, Twin Parks" Flagship Project Food Industrial Park Phase I Advances Rapidly
[caption id=\"attachment_2193\" align=\"aligncenter\" width=\"712\"] Image unrelated to content[/caption] Construction site of Fuqing Yuanhong Hospital. In recent days, the highly anticipated China-Indonesia Economic and Trade Innovation Development Demonstration Zone Food Industrial Park (Phase I) project is advancing rapidly with high standards, strict requirements, and an international perspective. As the flagship project of China-Indonesia "Two Countries, Twin Parks,"
Indonesia Invites China to Invest in Agricultural Crop Industry Development
Coordinating Minister for Maritime and Investment Affairs (Menko Marves) Luhut publicly admitted that he is dissatisfied with the results of the food industry development in the Humbang Hasundutan area of North Sumatra. Therefore, he invited the Chinese side to participate in the granary project initiated by President Joko Widodo. Humbang Hasundutan is one of the food industrial park locations being developed by the government, in addition to Central Kalimantan, Central Java, Papua, and East Nusa Tenggara (NTT). During the fourth High-Level Dialogue and Cooperation Mechanism meeting with Chinese Foreign Minister Wang Yi in Labuan Bajo some time ago, he stated that the development of agricultural crop industries is one of the areas of cooperation between the two countries.