Foxconn, other firms look to enter Indonesia’s EV market


President Joko Widodo straps on his helmet before test riding an electric motorbike called Gesit in the front yard of the Presidential Palace in Jakarta onJan 26, following a meeting to discuss mass production of the bike. - Antara

JAKARTA (The Jakarta Post/Asia News Network): Taiwan-based companies and local firms have inked an US$8 billion (Rp 114 trillion) investment deal to develop Indonesia’s electric vehicle ecosystem.

Foxconn, a contract manufacturer known for Apple’s iPhone, and Gogoro, an electric scooter and battery swap technology company, represent the Taiwan side in the deal, while coal giant Indika Energy and state-owned Indonesia Battery Corporation are the Indonesian side.

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Indonesia , EV , Foxconn ,

   

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