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Toyota to invest $2bn in Indonesia as electrification accelerates

Japanese auto giant and Jakarta share goal of promoting next-gen cars

Toyota is expected to produce electrified vehicles in Indonesia, where the government wants such cars to account for 20% of total output by 2025.

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.

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