Indonesia Aims to Attract Global EV Suppliers Through BYD Factory
Indonesia's Ministry of Industry aims to attract global component and supplier companies by leveraging the presence of BYD's electric vehicle (EV) production facility. The government plans to strengthen the domestic EV industry ecosystem and promote the increase of local content (TKDN) to maximize economic benefits.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- North Kalimantan Prosecutors Search Bank Raya, PT SSP Offices in Jakarta Over Loan Irregularities
The North Kalimantan High Prosecutor's Office has searched the offices of Bank Raya and PT Sebaung Sawit Plantation (PT SSP) in Jakarta as part of an investigation into alleged irregularities in investment credit facilities. Documents and assets were seized, and two suspects have already been arrested and detained.
- EV Business Boosts TOBA's Revenue by 120%, Shows Promising Outlook
PT TBS Energi Utama Tbk (TOBA)'s electric vehicle (EV) business surged its revenue by 120% year-on-year to US$12.9 million in the first nine months of 2026. Electrum, a joint venture between TOBA and GoTo, achieved improved profitability and margins through expansion of its electric motorcycle fleet and battery swapping stations.
- Indonesian Stocks Tumble Amid Foreign Sell-off; BBRI, ANTM Hit Hard
Indonesia's stock market plunged on November 3rd, with the Composite Stock Price Index (IHSG) falling 3.78% to close at 4,904.2 points due to significant foreign selling pressure. Year-to-date foreign net sales have reached Rp 98.6 trillion, with shares of BBRI and ANTM experiencing substantial declines.
- EMTK Sells 99.99% Stake in Indopay Merchant Services for Portfolio Optimization
PT Elang Mahkota Teknologi Tbk (EMTK) has sold a 99.99% stake in its subsidiary PT Indopay Merchant Services (IMS). This strategic move aims to optimize the company's investment portfolio and enhance asset management efficiency.