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Seven major EV companies, including BYD and VW, invest $940M in Indonesia, targeting 280K units yearly.
Indonesia is becoming a key destination for electric vehicle (EV) manufacturers, attracting seven major companies like BYD and VW with $940 million in investments.
This surge is partly due to global trade tensions and tariff wars, which have led companies to seek new manufacturing sites.
These investments aim for a production capacity of 280,000 units yearly, boosting Indonesia's EV market share, which rose to 4.99% in 2024.
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Siete grandes compañías de EV, incluidas BYD y VW, invierten $ 940M en Indonesia, con un objetivo de 280K unidades anuales.