NAGOYA, Japan -- Toyota Motor and its group companies intend to invest 28.3 trillion rupiah ($2 billion) in Indonesia from 2019 to 2023, including spending to launch production of electrified cars, Nikkei has learned.
In Southeast Asia, Toyota only produces electrified vehicles in Thailand, where it makes plug-in hybrids. But Indonesia, already one of the region's largest auto production hubs, has set a goal of increasing the proportion of electrified autos -- including fully electric models -- to 20% of total output by 2025.
