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March 11, 2025 | 05:31 pm
TEMPO.CO, Jakarta - Indonesian Investment Minister Rosan Roeslani announced that VinFast, a Vietnamese car company, will build an electric car factory in Subang, West Java. The factory, planned for 120 hectares of land, aims to produce about 50,000 electric cars each year.
This decision came after Rosan met with President Prabowo Subianto and VinFast officials at the Merdeka Palace in Central Jakarta on Tuesday, March 11, 2025. "The investment will be around Rp4 trillion," he stated at the Presidential Palace Complex in Central Jakarta on Tuesday, March 11, 2025.
The Head of Indonesia's new sovereign wealth fund management (BPI Danantara) said that construction will begin after Ramadan, with VinFast starting production in 2026. VinFast plans to produce various types of electric cars with prices ranging from Rp200 million to Rp600 million.
Besides the factory, VinFast is committed to building 100,000 electric vehicle charging stations in Indonesia. In the first phase, they will build 30,000 stations, focusing on Java.
Rosan explained that the government wants to build an electric vehicle system in Indonesia, so they are inviting companies to invest. "We hope this will increase the use of electric cars," he said.
Coordinating Minister for Economic Affairs Airlangga Hartarto previously mentioned that Vietnam would invest in Indonesia's electric car system after a meeting with Vietnamese Communist Party Secretary General To Lam. Airlangga said that Vietnam plans to build hundreds of thousands of public electric vehicle charging stations in Indonesia.
"One of Vietnam's investments is to support VinFast's electric cars, and they plan to build 100,000 charging stations," Airlangga said after a meeting with President Prabowo Subianto at the Presidential Palace in Jakarta on March 10, 2025.
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