BYD announces mega factory in Indonesia and consolidates global leadership in electric vehicles (Instagram @byd_global)
BYD, the world’s largest electric vehicle manufacturer in 2024, continues expanding its global presence. After including Mexico, Hungary, Turkey, and Pakistan in its plans, the automaker announced a new factory in Indonesia, set to open this year.
With an initial production capacity of 150,000 vehicles per year and an estimated cost of $1 billion, this facility will serve as a base for exports and solidify BYD’s leadership in the local market, where it already holds a 36% share.
The project received tax incentives from the Indonesian government as part of its efforts to attract foreign investments.
These advancements reflect BYD’s aggressive strategy to expand its international footprint and strengthen its dominance in strategic markets. With significant investments and government incentives, the company is well-positioned to meet the growing global demand for electric vehicles and expand its leadership in the segment.
Source: Olhar Digital | Photo: Instagram @byd_global | This content was created with the help of AI and reviewed by the editorial team
