Toyota invests another RM8 billion in Indonesia to build electric vehicles – prepare for expansion in ASEAN region
Toyota is preparing to expand significantly into electrification in the ASEAN region, with the automaker announcing that it will scale up investments in Indonesia over the next five years. The company said it will invest an additional 27 trillion rupiah (8 billion RM) in Indonesia until 2027, with the aim of increasing domestic electric vehicle (EV) production.
The pledge was made by Shigeru Hayakawa, vice chairman of the board of directors of Toyota Motor Corporation, when he met with Indonesian economy minister Airlangga Hartarto in Tokyo on Tuesday, Jakarta Globe report.
“We hope that with this increase in investment in Indonesia, the Indonesian government will understand how serious we are towards the electrification of motor vehicles,” said Hayakawa. Meanwhile, Airlangga welcomes the move to strengthen its plans to develop electric vehicles in Indonesia.
“I believe the demand for electric vehicles, both four- and two-wheelers in Indonesia and ASEAN in the future, will continue to grow. Indonesia could be used as an industrial base to produce electric vehicles for the regional market, he said.
The latest investment is planned based on what the Japanese automaker has committed to the country. It has invested 14 trillion rupiah (4.19 billion RM) in the republic since 2019, when it initially committed 2 billion US dollars (RM8.26 billion at then-exchange rates) for a hybrid vehicle development project.
The automaker is also stepping up development on related fronts. Last May, it came out xEV . Center, located at its Karawang manufacturing facility. It is designed to serve as a learning center for the public on the topic of green technology and the role of Indonesia’s transition towards electrification and the goal of reducing emissions through the use of methods. various conveniences of electric vehicle options.
In Malaysia, the company appears to be setting up its game – a Facebook post shows the presence of a new DC fast charger at UMW Toyota headquarters in Shah Alam, in preparation for the breakthrough. into electrification, scheduled for next year when Toyota bZ4X make it local launch.
