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I just don’t know why it’s Indonesia. Why not somewhere like Thailand or Vietnam?

toomuchtodo 2y ago
Local investment = no import tax. BYD is maximizing based on markets where there are no local automakers to defend and the investment is desired. > After opening its first EV plant in Thailand last year, BYD confirmed another overseas manufacturing facility is on track to open by the end of the year. In a new interview with Reuters, Eagles Zhao, BYD’s president director in Indonesia, said the company is aiming to finish the $1 billion manufacturing plant in the region by the end of 2025. > Because of the $1 billion investment, BYD has been temporarily allowed to ship cars into Indonesia without an import tax. > The move is part of Indonesia’s goal to build 600,000 EVs domestically by 2030. Like other Southeast Asian countries, Indonesia is introducing new policies to attract foreign investments and take advantage of the market’s shift to EVs. > BYD is already the leading EV maker in Indonesia, accounting for over a third (36%) of the market. According to the auto association, the EV giant sold nearly 15,500 vehicles last year, its first full sales year.
pkaye 2y ago
Indonesia wants to move further up the value chain. Some time back Indonesia banned the export of nickel ore because they wanted to attract more investment in domestic smelters and refineries. The EU response to that was to take them to the WTO. https://moderndiplomacy.eu/2024/10/28/indonesias-trade-dispute-on-nickel-ore-in-the-wto-current-progress-and-developments/ https://moderndiplomacy.eu/2024/10/28/indonesias-trade-dispu... Biden tried to work out a deal with Indonesia of nickel supply but then its stuck on concerns like environmental impact, forced labor, etc. https://www.reuters.com/markets/commodities/us-indonesia-discuss-potential-deal-ev-minerals-sources-2023-11-12/ https://www.reuters.com/markets/commodities/us-indonesia-dis... https://www.eenews.net/articles/feds-link-indonesia-nickel-needed-for-evs-to-forced-labor/ https://www.eenews.net/articles/feds-link-indonesia-nickel-n... I imagine China has no concerns about these issues. They just trade technology and building domestic factories for access to minerals.
ulfw 2y ago
Because they already have a factory in Thailand. So you just commented without opening and reading the article?

Local investment = no import tax. BYD is maximizing based on markets where there are no local automakers to defend and the investment is desired. > After opening its first EV plant in Thailand last year, BYD confirmed another overseas manufacturing facility is on track to open by the end of the year. In a new interview with Reuters, Eagles Zhao, BYD’s president director in Indonesia, said the company is aiming to finish the $1 billion manufacturing plant in the region by the end of 2025. > Because of the $1 billion investment, BYD has been temporarily allowed to ship cars into Indonesia without an import tax. > The move is part of Indonesia’s goal to build 600,000 EVs domestically by 2030. Like other Southeast Asian countries, Indonesia is introducing new policies to attract foreign investments and take advantage of the market’s shift to EVs. > BYD is already the leading EV maker in Indonesia, accounting for over a third (36%) of the market. According to the auto association, the EV giant sold nearly 15,500 vehicles last year, its first full sales year.

pkaye 2y ago

Indonesia wants to move further up the value chain. Some time back Indonesia banned the export of nickel ore because they wanted to attract more investment in domestic smelters and refineries. The EU response to that was to take them to the WTO. https://moderndiplomacy.eu/2024/10/28/indonesias-trade-dispute-on-nickel-ore-in-the-wto-current-progress-and-developments/ https://moderndiplomacy.eu/2024/10/28/indonesias-trade-dispu... Biden tried to work out a deal with Indonesia of nickel supply but then its stuck on concerns like environmental impact, forced labor, etc. https://www.reuters.com/markets/commodities/us-indonesia-discuss-potential-deal-ev-minerals-sources-2023-11-12/ https://www.reuters.com/markets/commodities/us-indonesia-dis... https://www.eenews.net/articles/feds-link-indonesia-nickel-needed-for-evs-to-forced-labor/ https://www.eenews.net/articles/feds-link-indonesia-nickel-n... I imagine China has no concerns about these issues. They just trade technology and building domestic factories for access to minerals.

ulfw 2y ago

Because they already have a factory in Thailand. So you just commented without opening and reading the article?