JAKARTA - The automotive industry plays an important role in supporting Indonesia's economic growth. To date, there are 21 assembling industries for four-wheeled vehicles or more with a total investment of Rp139.36 trillion. The investment came from Japan amounting to Rp116.1 trillion (83.31%), followed by Korea at Rp10.54 trillion (7.56%) and China at Rp11.3 trillion (8.11%). The rest is investment from the European Union and domestic, amounting to Rp1.42 trillion (1.02%).
"Mitsubishi continues to realize its commitment to make Indonesia a production base for hybrid cars and increase export markets, including expanding new export markets, from 30 to 39 countries, until 2024," said the Minister of Industry in Jakarta, Friday (29/7). .
The Ministry of Industry appreciates and supports the realization of this commitment, and conveys several hopes to Mitsubishi, among others, to accelerate the Battery-Based KBL Technology Vehicle Production Program or EV keycar in Indonesia, as well as to export SUV-type vehicles from Indonesia to the Australian market within the next one year.
Apart from Japan, automotive players from South Korea also continue to increase their investment in Indonesia. The South Korean vehicle company, Hyundai, has started mass-producing vehicles for the B-SUV, MPV, and EV SUV types at the Karawang factory, West Java, since January 2022.
Currently, the investment plan for an automotive company from China, namely Chery Motor, is being explored. Chery's company has met several times with the Minister of Industry to discuss an investment plan that will start running in 2022 with a total investment commitment of around USD 1 billion. (LM)