Chinese electric vehicle maker to build plant in Indonesia

China's leading electric vehicle maker PT BYD Motor plans to invest 11,700 billion IDR (754 million USD) to build a plant with a capacity of 150,000 units of electric vehicles (EVs) per year in Indonesia, a local official said on October 16.

This investment not only serves as proof of BYD's trust in the Indonesian market's potential but also strategically strengthens Indonesia's position as a centre for electric vehicle manufacturing on the global and regional scale, said Acting Director General of Metal, Machinery, Transportation Equipment and Electronics at the Indonesian Ministry of Industry Putu Juli Ardika.

mh-7162-217.jpg
Illustrative image (Photo: en.tempo.co)

BYD successfully sold 2,000 units of electric vehicles in Indonesia from June to September.

Andy Lin, BYD’s administration director, said BYD will launch more EV models in Indonesia and introduce plug-in hybrid (PHEV) models. It will also integrate top-notch automotive manufacturing capabilities in Indonesia with new state-of-the-art technology to support Indonesia’s automotive industry chain./.

World

Indonesia aims for energy independence in LPG
World

Indonesia aims for energy independence in LPG

Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia has emphasised the need to develop domestic gas networks to reduce reliance on imported liquefied petroleum gas (LPG) and strengthen energy sovereignty.

RoK, Singapore to deepen AI, defence cooperation
World

RoK, Singapore to deepen AI, defence cooperation

The Republic of Korea (RoK) and Singapore discussed cooperation in artificial intelligence (AI), defence, and supply chain management during talks between Singaporean Prime Minister Lawrence Wong and visiting RoK President Yoon Suk Yeol on October 8.

Singapore dollar hits 10-year high
World

Singapore dollar hits 10-year high

The Singaporean currency (SGD) is trading against the USD at its strongest level in almost a decade, touching new highs in recent weeks amid lower US interest rates coupled with investors' confidence in its resilient economy.

Malaysian retail chains say no to single-use plastic bags
World

Malaysian retail chains say no to single-use plastic bags

Some 16 retail chains across Malaysia have pledged to no longer provide single-use plastic bags to customers from October 1, said Minister of Housing and Local Government Nga Kor Ming at the “Say No to Single-Use Plastics” campaign in Kuala Lumpur on September 26.

Indonesia builds new data centre
World

Indonesia builds new data centre

The Indonesian government is currently constructing a new national data centre (PDN) in Bekasi and will build another two in Batam and Nusantara capital city (IKN), Political, Legal, and Security Affairs Coordinating Minister Hadi Tjahjanto has stated.

Japan continues support for Vietnam’s typhoon relief efforts
World

Japan continues support for Vietnam’s typhoon relief efforts

The Governor of Japan’s Yamanashi prefecture, Nagasaki Kotaro, on September 24 presented the token of 1 million JPY (over 6,900 USD) to the Vietnamese Embassy in Japan to support the country’s disaster relief efforts in the wake of Typhoon Yagi and its subsequent floods and landslides.