Two Chinese electric carmakers seeking factory relocation: Official

[Nike]

Two Chinese electric carmakers seeking factory relocation: Official

• News Desk
  The Jakarta Post
  

Jakarta / Thu, July 11, 2019 / 04:40 pm

Coordinating Maritime Affairs Minister Luhut Pandjaitan (tempo.co/File)
Two electric car manufacturers from China are reportedly seeking to relocate their factories to Indonesia in response to the trade war between the country and the United States, an official from the Office of the Coordinating Maritime Affairs Minister has said.

A ministry undersecretary for infrastructure affairs, Ridwan Djamaluddin, said on Wednesday, the carmakers – BYD and JAC – had expressed interest to relocate to avoid high tariffs for entering the US market.

The representatives of the two companies had met several times with government officials, Ridwan said, adding that BYD had even started to talk to local partners for a project in Indonesia.

However, the Chinese investors had not revealed the value of the investment. “They have not revealed the figures, but they expressed their interest,” Ridwan said as quoted by tempo.co.

He said the government had also offered alternative locations for the electric car factories, mostly in West Java, but the investors might prefer other places that were closer to battery factories.

Ridwan said the investors also asked about the investment regulations in Indonesia, including the one on electric cars that would be released by the government. The draft of the regulation had been prepared since May 2018.

About the delay, Coordinating Maritime Affairs Minister Luhut Pandjaitan said that there was still going to be a revision to the presidential regulation draft.

“After my return from a foreign trip, we saw that there were articles [in the regulation] that should be discussed further,” he said, adding the revision was needed to ensure that it would not deter investors from putting their money in Indonesia. (bbn)
https://www.thejakartapost.com/news...kers-seeking-factory-relocation-official.html

 

[NEKONEKO]

Hyundai to Invest $2.8b in Car, Electric Vehicle Plant in Indonesia

Jakarta. Hyundai Motor Company has affirmed its Rp 40 trillion ($2.8 billion) investment in Indonesia as part of the South Korean automotive giant's plans to make Indonesia one of its car export hubs and develop electric vehicles in Southeast Asia, Industry Minister Airlangga Hartarto said in a statement on Sunday.

Airlangga said Hyundai will start manufacturing in 2021, aiming to produce between 70,000 and 250,000 cars per year, including sport utility vehicles, multipurpose vehicles, hatchbacks and sedans, as well as electric vehicles.

"Hyundai has confirmed its commitment to immediately start investing in Indonesia," said the minister, who visited Seoul and met with Hyundai executives on June 25.

"The target is 47 percent of production for the domestic market and 53 percent for export," he added.

The government is seeking to boost foreign investment in the country. It is offering generous tax incentives to investors, the latest of which, a plan to cut corporate tax to bring the country's rate on par with that of others in the region.

Harjanto, the industry ministry's director general of metal, machinery, transportation equipment and electronics, earlier said Hyundai had chosen Indonesia as a manufacturing center for its electric cars, due to the availability of raw materials.

"Indonesia has nickel ore, used in the production of lithium-ion batteries – an important component in electric vehicles," he said.

Last year, Hyundai announced a $250 million investment in Southeast Asian ride-hailing firm Grab, to develop electric vehicles in the region.
Sung Yun-mo, South Korea's minister of trade, industry and energy, welcomed the investment, saying he hoped it would deepen cooperation between the two countries and increase the competitiveness of Indonesia's manufacturing industry.

While Hyundai has yet to announce the location of its planned plant, West Java Governor Ridwan Kamil said on Friday that it would likely be built in the province.

"Hyundai will massively move to West Java and the investment value is estimated at more than Rp 40 trillion," Ridwan said after welcoming Umar Hadi, Indonesia's ambassador to South Korea, in Bandung.

Ridwan proposed the Cirebon-Patimban-Kertajati triangle as a location for the factory, saying the government plans to develop the area into Indonesia's largest special economy zone.

The region will come with special leeway for custom duties, while its proximity to the new Patimban Port, slated to commence first-stage operation by the end of this year, create the ideal conditions to become an export hub, Ridwan said.
https://jakartaglobe.id/context/hyundai-to-invest-28b-in-car-electric-vehicle-plant-in-indonesia

Don't forget South Korea

 

[barjo]

Made me remember dahlan iskan car to bad discontinue

 

[initial_d]

i am waiting for electric car production in indonesia so it can lower the price to where i can afford one
i hope they made double cab SUV like the one that being made by Rivian

 

[Indos]

Hyundai to Invest $2.8b in Car, Electric Vehicle Plant in Indonesia

Jakarta. Hyundai Motor Company has affirmed its Rp 40 trillion ($2.8 billion) investment in Indonesia as part of the South Korean automotive giant's plans to make Indonesia one of its car export hubs and develop electric vehicles in Southeast Asia, Industry Minister Airlangga Hartarto said in a statement on Sunday.

Airlangga said Hyundai will start manufacturing in 2021, aiming to produce between 70,000 and 250,000 cars per year, including sport utility vehicles, multipurpose vehicles, hatchbacks and sedans, as well as electric vehicles.

"Hyundai has confirmed its commitment to immediately start investing in Indonesia," said the minister, who visited Seoul and met with Hyundai executives on June 25.

"The target is 47 percent of production for the domestic market and 53 percent for export," he added.

The government is seeking to boost foreign investment in the country. It is offering generous tax incentives to investors, the latest of which, a plan to cut corporate tax to bring the country's rate on par with that of others in the region.

Harjanto, the industry ministry's director general of metal, machinery, transportation equipment and electronics, earlier said Hyundai had chosen Indonesia as a manufacturing center for its electric cars, due to the availability of raw materials.

"Indonesia has nickel ore, used in the production of lithium-ion batteries – an important component in electric vehicles," he said.

Last year, Hyundai announced a $250 million investment in Southeast Asian ride-hailing firm Grab, to develop electric vehicles in the region.
Sung Yun-mo, South Korea's minister of trade, industry and energy, welcomed the investment, saying he hoped it would deepen cooperation between the two countries and increase the competitiveness of Indonesia's manufacturing industry.

While Hyundai has yet to announce the location of its planned plant, West Java Governor Ridwan Kamil said on Friday that it would likely be built in the province.

"Hyundai will massively move to West Java and the investment value is estimated at more than Rp 40 trillion," Ridwan said after welcoming Umar Hadi, Indonesia's ambassador to South Korea, in Bandung.

Ridwan proposed the Cirebon-Patimban-Kertajati triangle as a location for the factory, saying the government plans to develop the area into Indonesia's largest special economy zone.

The region will come with special leeway for custom duties, while its proximity to the new Patimban Port, slated to commence first-stage operation by the end of this year, create the ideal conditions to become an export hub, Ridwan said.
https://jakartaglobe.id/context/hyundai-to-invest-28b-in-car-electric-vehicle-plant-in-indonesia

Don't forget South Korea

This is good news, I hope the investment get realized as promise.

 

[GraveDigger388]

Made me remember dahlan iskan car to bad discontinue

Ricky Elson cars?

 

[Brainsucker]

The problem is the battery. I heard that the battery plant (lithyium I presume?) cause a huge pollution to the area where it reside. But I think that is a risk that we must take (maybe). Just don't put it in Java island. Too many people can suffer from it.

 

[barjo]

Ricky Elson cars?

Yes, i dunno many program being played in those day, alternative energy (banyu geni), reboisasi, electricity, event weapons