VinFast Fuels Indonesia's Electric Revolution

VinFast, Vietnam's electric vehicle manufacturer, plans to install 100,000 charging stations across Indonesia. A factory in West Java will begin operations next year, producing 50,000 units annually. Indonesia aspires to be an EV hub, leveraging its nickel reserves and offering incentives to carmakers.

Vietnam's electric vehicle giant VinFast is set to boost Indonesia's EV infrastructure with plans for 100,000 new charging stations, revealed following a meeting between Minister Prabowo Subianto and VinFast representatives.

Construction is progressing on VinFast's West Java assembly plant, expected to produce 50,000 units annually starting next year. The $200 million factory underscores Indonesia's ambitions to become a major EV manufacturing center, tapping into the country's abundant nickel reserves.

In a bid to ramp up EV adoption, the Indonesian government is offering various incentives to automakers. Sales of electric vehicles are surging, recording a 2.2% year-on-year increase in February, marking the first growth since June 2023. Amidst these developments, VinFast is also exploring investments in Indonesia's renewable energy sector, including wind and solar projects.

(With inputs from agencies.)