China’s BYD to complete $1 billion Indonesia plant by end-2025, executive says

JAKARTA: China’s top electric vehicle maker BYD aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday.

The long-term plan for the plant is for the export market, said Eagle Zhao, its president director in Indonesia. The plant, which is being built at an industrial complex in Subang, West Java, will have a production capacity of 150,000 EV units annually.

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