RI Chases Volvo, Renault Investment in Electric Vehicles

   

The Indonesian government is seeking investment from Renault and Volvo to make electric vehicles as the country targets battery-powered automobiles to account for a quarter of the production by 2030.

The government has asked Renault and Volvo to consider building factories or assembly units in Southeast Asia’s largest market for cars, as it eyes production of 750,000 electric vehicles by 2030, said Harjanto, director general of metal, machinery, transportation, and electronics at the Industry Ministry. The country’s total vehicle production is seen more than doubling to 3 million units during the period, he said.

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Source: https://www.thejakartapost.com