A few days ago, Indonesian Ocean and Investment Minister Luhut said that the Indonesian government hopes to attract Geely to build an electric car factory in Indonesia. Luhut revealed that the Indonesian government offered to supply Geely with nickel ore, a key raw material for electric car batteries, while Geely was "very interested" in the possibility of building a factory in Indonesia. Luhut also said that Indonesian President Joko Widodo expressed support for the plan.
On September 17, Geely Holdings Group said in a statement: "although Geely is evaluating the development potential of Indonesia's new energy market and exploring opportunities to compete in the Indonesian market, it does not have any specific plans to invest and build a plant in Indonesia." At the same time, Geely Holdings said, "Proton has long been the most important basis for Geely's development in the ASEAN market, and Geely will continue to deepen cooperation with its strategic partner DRB-HICOM in the future to help Malaysia become an important development engine of new energy vehicles in ASEAN."
Indonesia is a Southeast Asian country, the capital is Jakarta, with a land area of 1.914 million square kilometers and a population of nearly 280 million. Indonesia ranks first in Southeast Asia in terms of area and population. On the economic front, Indonesia's GDP in 2022 was US $131.881 billion, ranking 16th in the world, fifth in Asia, first in ASEAN, and the only one of the ten ASEAN countries exceeding US $1 trillion.
With such a huge population base and economic output and increment, Indonesia has the largest number of cars in Southeast Asia. According to the data, Indonesia sold 1.048 million cars in 2022, an increase of 18.1 percent over the same period last year, making it the largest country in Southeast Asia, but Japanese cars have an absolute advantage in Indonesia. The top five are Japanese brands, including Toyota, Daihatsu, Honda, Mitsubishi and Suzuki, of which Toyota accounts for 33.6% of the market.
Due to the early entry into the Indonesian market, Japanese brands have been deeply loved in Indonesia. Since the 1960s, Toyota, Mitsubishi, Suzuki, Honda and Nissan have successively entered the Indonesian market to invest and build factories, and gradually established a sound sales and maintenance network. With the advantages of rich models, cost-effective, maintenance costs and after-sales service, they have occupied the dominant position in the Indonesian fuel vehicle market for several decades.
However, due to the slow electric transformation of Japanese brands, Chinese car companies have begun to speed up the layout of electric vehicles in Indonesia, but for now, electric vehicles account for a small share of the overall market. Only 10327 electric cars were sold in Indonesia in 2022, accounting for about 1 per cent of total sales.
In August 2015, SAIC GM Wuling officially entered Indonesia, with a total investment of 700 million US dollars to build a plant in Bujiaxi County, West Java Province. In July 2017, the factory was completed and put into production, and the first Indonesian-made Wuling Confero came off the line, winning the title of "New car of the year" and "Best small MPV" in Indonesia.
Chery has also invested in a plant in Indonesia and plans to launch all-electric models by the second half of 2023. Chery Indonesia Motor Co., Ltd. said that the small global SUV OMODA 5 will be put into production in Indonesia. Over the next two to three years, Chery plans to launch as many as 12 new energy models, including pure electric and hybrid vehicles, to further consolidate Chery's position in ASEAN.
In addition to Wuling and Chery, Chinese car companies such as BAIC and Great Wall have also set up Indonesia. Therefore, Geely Holdings wants to invest in the Indonesian new energy car market and build a factory in Indonesia, which is not impossible in the future.
By contrast, Japanese brands, which already have an absolute monopoly in the fuel car market, are also laying out electric cars. According to the plan, Toyota plans to invest $1.8 billion by 2027 to strengthen production of electric vehicles and two-wheelers. Mitsubishi Motors plans to invest about $2.5 billion to expand production and accelerate the development of hybrid and electric vehicles by 2025. At present, Mitsubishi has worked with a number of Indonesian companies to promote a pure electric vehicle project.
With the rise of car electrification, Indonesia is not willing to lag behind. In its latest document, Indonesia proposes that the country's greenhouse gas emissions will be reduced by 31.9% by 2030 and will achieve the 43.2% reduction target with international cooperation. Under this goal, it is necessary to accelerate the transformation from fuel vehicles to electric vehicles. According to Indonesia's plan, only electric cars and motorcycles will be sold by 2050.
Driven by the Indonesian electric vehicle policy, Chinese electric vehicle brands have been widely and highly recognized by consumers and the government, with increasing influence and expanding market share. Indonesia is reportedly finalizing a new set of incentives to attract investment from electric car manufacturers, Indonesia's Minister of Marine and Investment Co-ordination Luhut Binsar Pandjaitan said on July 25.
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On March 2, Chery Holdings Group (hereinafter referred to as "Chery Group") released the latest monthly sales figures. According to the data, Chery Group sold 143155 vehicles in February 2024, an increase of 37.8% over the same period last year. The cumulative sales volume from January to February was 348019, up 69.5% from a year earlier. Chery Holdings
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On the evening of March 1, Xiaopeng's official Weibo post responded to the "Xiaopeng P7 Suzhou accident". Xiaopeng Automobile said: "at 07:52 on February 29, 2024, a Xiaopeng P7 traffic accident occurred in Wujiang District, Suzhou City, Jiangsu Province. We express great pain for the casualties caused by the accident."
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Although electric vehicles can make a certain contribution to the reduction of urban emissions in the process of driving, the production and scrapping of electric vehicle batteries is also a big problem, which may be a big pollution. As new energy vehicles enter the fast lane of development, the scale of the waste power battery recycling industry behind it is also expanding. According to the report of CCTV, the first batch of new energy vehicle batteries entering the market has entered the "decommissioning" period, and by 2020, the cumulative scrapped power batteries will reach 200000 tons, and the industrial scale will exceed 10 billion. In the era of vigorously promoting new energy vehicles, traditional car companies have launched electric cars, and the new power of car-building is also like spring after the rain.
Tesla is the leader of electric vehicles, leading other electric vehicle companies in power life and intelligent development, but there is still a certain gap in vehicle manufacturing and quality control. After being complained by the car owner because of the chip reduction incident, it is now complained by the car owner because of the paint problem. According to foreign media reports, Tesla is facing a new class action lawsuit because the Model 3 car was badly painted in cold weather, and the owners demanded compensation from Tesla and offered some financial compensation. According to the owners who filed the complaint, their Model 3 was driving on roads covered with salt and sand to remove snow in winter.
Since last year, Tesla has been exposed many times for brake failure and other problems. In the face of questions about safety and quality, Tesla and the car owner hold their own opinions, but as Tesla refuses to disclose background data, whether there is a problem with Tesla's brakes has also become an "unsolved mystery." However, the recent rear-end collision of Tesla in Liyang, Jiangsu Province may be able to provide some views. According to a video posted on the Internet, a Tesla Model Y was driving normally on an urban road. Tesla accelerated to the left and rear-ended with the vehicle in front, and still pushed forward after the rear-end collision. It is worth mentioning that before the rear-end collision, Model Y's.
Dongfeng Honda CR-V must be a very familiar model for everyone. As a "leader" in the domestic joint venture SUV market, its monthly sales remain at more than 20, 000 units, and its monthly sales rank first in the domestic joint venture SUV market many times. However, it is this compact positioning SUV model that has launched a seven-seat version.