BYD stands out, enters top 10 in Indonesian car sales

BYD, in the top 10 of the Indonesian market? Yes, that's right. In August 2024, with 76,000 units of cars sold in Indonesia, Chinese brand BYD killed its way out of the Indonesian market, which is surrounded by Japanese-owned cars, and with 2,940 units of new-energy cars sold, it ranked sixth in the Indonesian automobile market.

The annual production of automobiles in Indonesia is about 1.4 million units, of which about 70% are sold domestically and 30% are exported. In the domestic market, Japanese brands account for 90%, which contains Toyota, Daihatsu, Honda, Mitsubishi and Suzuki occupying the top five positions, while the remaining 10% is divided among Chinese, Korean, and European and American brands.Around 2017, Wuling andDongfeng Xiaokang (car manufacturer)A succession of factories invested in Indonesia went into production, but it is difficult to shake the Japanese brand in the fuel vehicle sector, and Wuling has only just entered the top ten in the Indonesian market after seven years of hard work.

However, since March 2023, the Indonesian government has introduced a basket of incentives for new energy or electric vehicles, including import tariff and purchase tax exemptions, as well as cash subsidies for purchases, which has stimulated the continuous development of the electric vehicle market in Indonesia, and according to the Association of the Automotive Industry of Indonesia (AIAI), sales of electric vehicles of all brands from January to July 2024 amounted to 17,826 vehicles, a figure which represents an increase from the previous year of more than doubled from the previous year.

This industry trend has created an opportunity for Chinese automobiles to change lanes in the Indonesian market, with at least eight Chinese new energy vehicles landing in the Indonesian market. In addition to Wuling and Dongfeng Xiaokang, which have already built factories, BYD announced in May 2024 that it had circled 108 hectares of land to build a factory in Subang Industrial Park in Jakarta's industrial belt, which is expected to come into operation in 2026.

During BYD's preparation for the construction of the plant, the Indonesian government allows it to import complete vehicles at zero tariff, so from June this year, BYD has opened a number of 4S stores one after another, delivering 1,600 units in June, 2,000 units in July, and 3,000 units in August, which can be seen that Indonesian consumers are very enthusiastic about BYD's automobiles, and with such a growth trend, BYD is expected to hit the top three of the Indonesian automobile market in the year of this year. Indonesia's auto market top three, not only that, BYD's hot sales, but also will drive other Chinese new energy vehicles in the Indonesian market reputation, Chinese brands in Indonesia together as a group to develop, and continue to improve the quality of the car, do a good job of the sales network and after-sales service, the next three to five years, the Chinese auto brands continue to scrub the past 10 years, China's fuel cars in the Indonesian market repeated defeats of the regrets of the market, and ultimately with the Japanese car in the Indonesian market to share the world. The Indonesian market will be equally divided with Japanese automobiles. At the same time, the Indonesian government also plans to reach 2 million units of electric vehicles before 2030, to make Indonesia an electric vehicle industry center in ASEAN.

Okay, what do you need to know about the Indonesian automotive market, I'm Mr. Wang Palm, who has been in Indonesia for 20 years, and Indonesia Enterprise Pass, which helps factories to land in Indonesia.