China’s Geely has begun overseas assembly of its EX2 electric vehicle in Indonesia, marking the first international production of the model, as the automaker accelerates its global expansion and localization strategy.
Local partner Handal Indonesia Motor (HIM) is assembling the EX2 at its factory in Purwakarta, with locally sourced components and manufacturing processes accounting for 46.5% of the vehicle’s value. That level exceeds Indonesia’s 40% domestic content requirement, qualifying the model for a preferential value-added tax rate of 1%, compared with the standard 12%.
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“We are targeting a domestic component level of 60% for models that have been launched and are the first Chinese car brand in Indonesia with that target,” said Constantinus Herlijoso, sales and channel development director at Geely Auto Indonesia.
HIM began assembling Geely vehicles with the EX5 electric SUV in May 2025, followed by the Starray EM-i plug-in hybrid SUV in September. One of Indonesia’s largest contract manufacturers, HIM also produces vehicles for several other Chinese brands, including BAIC, Chery, Jaecoo, Jetour, Neta, and Xpeng.
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Geely formally launched the EX2 in Indonesia this week, offering the model in Pro and Max variants priced at 255 million rupiah ($12,900) and 285 million rupiah ($14,400), respectively. As part of a launch promotion, the company is offering a discount of 25.1 million rupiah on both variants to the first 2,000 customers who complete purchases by Feb. 15.
The EX2 measures 4.14 metres in length and is powered by a rear-mounted electric motor producing 85 kW and 150 Nm of torque, paired with a 40.8 kWh lithium iron phosphate battery. The vehicle offers a driving range of 395 km under the NEDC test cycle and supports DC fast charging of up to 70 kW.
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The model was first introduced in China in October 2024 under the name Xingyuan and has seen strong domestic demand. According to data from the China Association of Automobile Manufacturers, the Xingyuan was China’s best-selling new energy vehicle in 2024, with deliveries reaching 465,775 units. Geely said earlier this month that cumulative sales of the model have exceeded 530,000 units.
The Indonesian assembly forms part of a broader push by Geely Holding Group to scale up overseas production and electrification. The group aims to sell 6.5 million vehicles globally by 2030, with around three-quarters of that volume coming from new energy vehicles, its chief executive has said.
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Geely Holding reported record sales in 2025, with total vehicle deliveries rising 26% year on year to 4.12 million units. New energy vehicle sales climbed 58% to 2.29 million units, lifting NEVs to 56% of total sales and marking the first time the group’s annual deliveries exceeded four million vehicles.