Indonesia's EV ambitions could help boost investments in the rest of Southeast Asia
Publishing timestamp: 2023-09-24 20:43:15
Summary
Indonesia's EV-friendly policies and rich resources have attracted global investors and could boost investments in Southeast Asia's automotive industry. The country aims to become a global EV battery hub and has received support from automakers like Toyota and Hyundai. While Indonesia may face challenges in becoming the regional vehicle production hub, its growth in the EV sector could benefit the entire ASEAN region. Other countries in the region, such as Malaysia, can contribute their expertise to the EV ecosystem.
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Keywords: vehicle sales, business news, electric vehicles, autos, automotive technology, automobile parts manufacturing, automotive services, indonesia government, automotive industry regulation, electric vehicle manufacturing, association of southeast asian nations, mining regulation, hyundai motor co, asia news, indonesia, thailand, southeast asia, metals and minerals industry, malaysia, toyota motor corp, automobile financing, asia economy,
Source: https://www.cnbc.com/2023/09/25/indonesia-could-be-the-gateway-to-ev-investments-in-asean.html