Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com, July 31 (Xinhua) Indonesian Investment Minister Bahlil Lahadalia said at a press conference on Monday that BYD, Wuling Motor and other electric car manufacturers will build factories in Indonesia. He also revealed that the Indonesian government is considering more tax breaks to attract electric car manufacturers.

▲ shows the Indonesian government website news: "Thank God, we have decided to speed up investment in electric vehicles. The current situation is that Hyundai, which is already in operation, will enter Indonesia together with BYD, Wuling and several other automakers in the future."

To encourage this investment, the government is preparing a series of comprehensive measures, including tax cuts, from a regulatory and intensive point of view, Bahlil said.

"earlier we discussed how to compete with other countries, such as Thailand and then Malaysia. Because if we don't discuss this issue immediately, then we will definitely lag behind our neighbors," he said.

As for the incentive scheme to buy electric cars, Bahlil said the government will cut some procedures to make it easier for people to get electric cars.

Last week, Indonesian President Jokowi visited China and was solemnly received, and the heads of state of India and China also actively discussed a number of issues, especially on strengthening economic cooperation between the two countries.

At Friday's meeting, President Joko also marketed investments in the EV supply chain, renewable energy and new capital projects to investors. He also asked Chinese investors to actively invest in Indonesia and promised that the government would help them solve the challenges they face in the process.

"if you have any problems in this area, whether it's land clearance or permits, please give it to us. [.] We will accept and resolve all the information you provide," Joko said.

He added that Indonesia had put in place policies to support its green economy drive, pointing out that if Indonesian companies could meet appropriate standards, they would be able to produce "quality products" in the global market with higher value.

Ahead of the meeting, Indonesia's Minister for Ocean Affairs and Natural Resources Coordination, Ruhut Panjatan, said on Tuesday that Indonesia was developing incentives for domestic electric car manufacturers and hoped to get investment from big companies such as BYD and Tesla.

He mentioned at the time that he planned to meet with BYD executives in Chengdu, China, on Thursday (and with Tesla CEO Elon Musk in California on August 3) to follow up discussions about investing in Indonesia. But details were not reported.

"We are about to finalize incentives for investment in electric vehicles in Indonesia," Luhut said. "at present, the measure is waiting for the approval of Indonesian President Joko." In fact, Indonesia has already introduced a series of preferential policies for electric vehicles, such as a subsidy of up to $5000 for each electric vehicle produced in China (CTOnews.com Note: currently about 35800 yuan) and announced a reduction in VAT for pure electric models from 11 per cent to 1 per cent.

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