BYD invests US$1 billion in new factory in Indonesia, expanding its production of electric vehicles for global markets.
The Chinese automaker BYD, which has established itself as the world’s largest electric vehicle manufacturer by 2024, continues to expand its global presence. BYD has announced plans to open a new factory in Indonesia with the capacity to produce up to 150 vehicles per year.
This investment is part of BYD’s ongoing efforts to expand its production and meet the growing demand for electric vehicles in the global market.
Billion-dollar investment in Indonesia
The new project of factory BYD's Indonesia launch is part of the company's larger expansion plan.
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BYD already has other factories planned in locations such as Mexico, Hungary, Türkiye and Pakistan.
The factory in Indonesia will be one of the largest in the group, marking another important step in BYD’s growth.
The company expects this investment in the Indonesian plant to be one of the keys to increasing BYD's share of the global electric vehicle market.
The Indonesian government has encouraged foreign investment by offering tax breaks and exemptions for companies setting up in the country, especially in the automotive sector.
BYD took advantage of these advantages to complete the factory project in Indonesia, which has an estimated cost of US$1 billion.
This investment demonstrates the company's commitment to growth in Indonesia, a strategic market for the company.
BYD's Indonesian plant will be capable of producing a significant number of vehicles, and BYD is already the leading electric vehicle manufacturer in the country, with a 36% share of the electric vehicle market.
As production increases, BYD expects this number to grow further, making the Indonesian factory a distribution hub for the entire region.
BYD Production Capacity
In addition to serving the local Indonesian market, the plant will have a significant focus on exporting vehicles to other international markets.
BYD plans to use this factory as a central distribution point for electric vehicles, contributing to the company's growing global presence in the electric vehicle sector.
The production capacity of the Indonesian plant could be expanded in the coming years, allowing the company to produce even more vehicles to meet growing demand.
BYD is also investing in new technologies and products.
In 2025, BYD will launch a new version of its Blade Battery, which promises to increase the efficiency of electric vehicles and reduce production costs.
This technological advancement complements BYD's strategy to expand its operations and meet the global demand for electric vehicles.
Global expansion with BYD's future factory in Brazil
A expansion BYD’s expansion doesn’t stop there. In 2025, the company will open its first factory in Brazil, in the city of Camaçari, in Bahia.
The factory will have the capacity to produce up to 150 vehicles per year in its first phase, with plans to double that production in the second phase of the project.
The Brazilian factory will be the company's largest outside of China and will serve all of Latin America, with vehicle exports to other markets in the region.
Production at the Camaçari plant will be focused on models such as the Song Pro plug-in hybrid SUV and the compact electric Dolphin Mini.
With the opening of the new factory in Brazil and the growth of production in Indonesia, BYD is positioning itself as one of the leaders in the electric vehicle sector, with a well-defined global expansion strategy.
Brazil is very good and Bahia deserves investment but jobs for the people who need them, congratulations
In Indonesia, because of the constant protectionist policy of countries like the US applied to China; they aim to escape to countries that are not in their sights; like Vietnam, Indonesia. In Brazil it would not be viable because there is already BYD in Camaçari, the global leader in electric cars, surpassing Tesla, with its disconcerting and problematic CyberTruck. Just ostentation, no quality, so when they said that Chinese product was Xing-Ling, now Tesla has become this synonym too.
But not the Chinese anymore. China will overtake the US as a global power; it is only a matter of time. Even with sanctions in place.
What's the point of manufacturing so many electronic vehicles if you don't have anywhere to charge them? Especially on Brazilian roads, and worst of all, there are no spare parts when you break down the vehicle. For now, these BYD vehicles are leaving a lot to be desired.