Indonesia EV competition heats up with VinFast and BYD debuts

Other Asian manufacturers also aim to grab market share with auto show offerings

20240220 BYD booth

Chinese electric vehicle maker BYD's booth at the Indonesia International Motor Show in Jakarta on Feb. 19. The company entered the country's car market last month. (Photo by Nana Shibata)

NANA SHIBATA and ISMI DAMAYANTI, Nikkei staff writers

JAKARTA -- Competition in Indonesia's electric vehicle market is intensifying as Vietnamese automotive manufacturer VinFast and China's BYD enter Southeast Asia's largest economy with passenger car debuts.

Indonesia is becoming an increasingly important market for many EV makers as the country touts its position as the world's biggest producer of nickel, a key component in EV batteries. With more than 270 million inhabitants, the world's fourth most populous nation is beckoning the global auto industry with its huge two- and four-wheel-vehicle market.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.