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Indonesia launches state-backed electric car project aiming for a domestic EV by 2027.
Indonesia has launched a national car project, signing an MoU between state-owned defense firm PT Pindad and the National Development Planning Ministry to develop a domestically produced electric vehicle by 2027.
Led by President Prabowo Subianto, the initiative aims to boost local industry and reduce reliance on foreign cars, targeting the mass market with a price below Rp 300 million.
Pindad, which already developed the Pandu EV using nickel-manganese-cobalt batteries, will lead the effort with government funding and joint research.
While global automakers like Hyundai and Toyota have shown interest, no formal partnerships exist.
Experts remain skeptical, citing challenges in securing sustained investment, building technical expertise, and establishing a resilient supply chain.
Key details, including local content requirements and the official definition of a “national car,” remain undefined.
Indonesia lanza un proyecto de automóvil eléctrico respaldado por el estado que apunta a un EV doméstico para 2027.