Global EditionASIA 中文双语Français
Business
Home / Business / Motoring

SAIC-GM-Wuling to scale up investment in Indonesia

chinadaily.com.cn | Updated: 2023-05-04 13:33
Share
Share - WeChat
SAIC-GM-Wuling inks a memorandum with the Indonesian government on increasing investment in the NEV sector on April 29, 2023. [Photo provided to chinadaily.com.cn]

SAIC-GM-Wuling is expected to increase its investment in Indonesia as the Sino-US joint venture revs up efforts to explore the global market.

The announcement came as the Liuzhou, Guangxi Zhuang autonomous region-based joint venture inked a memorandum on Saturday with the Indonesian government on developing the new energy vehicle sector in the country.

On the same day, Chinese battery maker Gotion, as an important partner of SAIC-GM-Wuling, delivered its first battery pack produced in Indonesia.

Also on Saturday, the carmaker delivered some Wuling Air evs which will be used at the 42nd ASEAN Summit held in Indonesia from May 9 to 11.

Since the model hit the Indonesian market in August 2022, its deliveries have exceeded 8,600 units, accounting for over 80 percent of the local NEV market.

SAIC-GM-Wuling became a member of Indonesia's NEV association in 2021 and has since been involved in drafting local NEV-related regulations and standards.

The joint venture's plant in Indonesia, the first of its kind overseas, started production in 2017. It has since sold over 100,000 vehicles in the country and built a network of over 140 dealerships.

SAIC-GM-Wuling said it will make Indonesia as a hub for its efforts to explore neighboring markets.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE