Vietnamese electric vehicle maker VinFast plans to install 100,000 charging stations across Indonesia, the country’s investment minister said on Tuesday, following a meeting between President Prabowo Subianto and company representatives.
Minister Rosan Roeslani also confirmed that VinFast’s $200 million EV assembly plant in West Java is on track to begin operations next year, with an annual production capacity of 50,000 vehicles. The facility, which broke ground in 2023, is part of Indonesia’s broader strategy to position itself as a regional EV manufacturing hub by capitalizing on its vast nickel reserves, a key component in EV battery production.
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Indonesia has seen rising EV adoption, driven by government incentives and an increasing number of affordable electric models. February car sales rose 2.2% year-on-year, marking the first increase since mid-2023, with EVs playing a significant role. Rosan said VinFast’s charging infrastructure investment would further accelerate the country’s EV transition.
“(VinFast) has selected the charging station points. For us, with EV infrastructure, adoption of electric cars can rise,” Rosan stated.
The Vietnamese automaker is also considering investments in Indonesia’s renewable energy sector, including wind farms and solar panel projects, Rosan added.
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Prabowo’s meeting with VinFast followed a bilateral discussion between Indonesia and Vietnam, where President Prabowo and Vietnamese Communist Party chief To Lam agreed to deepen economic cooperation between the two nations.
Source: Reuters