A car assembly factory of Toyota (Photo: VNA)Jakarta (VNA) –Japanese carmaker Toyota is planning to invest 2 billion USD in developingelectric vehicles (EV) in Indonesia in the next five years.
The commitment was made during a virtual meetingon December 8 between Toyota's chief executive officer for Asia region YoichiMiyazaki and Coordinating Minister for Economic Affairs Airlangga Hartarto.
Toyota is set to cooperate with the IndonesiaTourism Development Corporation to carry out the EV Smart Mobility project inNusa Dua, Bali’s eco-tourism ecosystem.
Miyazaki said the manufacturer plans tointroduce 10 electric vehicles to Indonesian consumers by 2025, noting that itprepares the country to become an export hub for Toyota products, not only forthe ASEAN region but also for other markets.
In 2019, its unit PT Toyota MotorManufacturing Indonesia (TMMIN) announced to start the EV production inits factory located in Karawang, West Java province. The TMMIN presidentdirector, Warih Andang Tjahjono, said a change in the productionline is required to run the planned.
The company is attempting to produce hybridvehicles in Indonesia. Hybrid vehicles are perceived as being better alignedtoward the production of electric vehicles since its engine uses both batteryand gasoline. The car producer expects to begin producing hybrid cars in 2022with sport utility vehicles and multipurpose vehicles as a start.
Indonesian President Joko Widodo used to voicehis desire to turn the archipelago nation into an EV hub for Asia andbeyond with a target to start the production in 2022 and the share to reach 20percent of total car production by 2025./.
VNA
