The Investment and Downstream Minister and Head of the Investment Coordinating Board (BKPM), Rosan Perkasa Roeslani, has confirmed that Vinfast is planning a major investment in Indonesia, primarily in the electric vehicle sector in Subang, with an investment value of IDR 4 trillion. Vinfast aims to produce 50,000 vehicles per year and develop an electric vehicle ecosystem through the construction of a charging station network. The initial stage of ecosystem development involves the construction of 30-100 thousand charging stations, with an estimated cost of USD 1 billion, focusing on Java and other regions throughout Indonesia. Vinfast is poised to submit a proposal to the Ministry of Investment, outlining a detailed schedule for the development of charging station infrastructure and strategic locations for the execution of this project. The development of this electric vehicle ecosystem in Indonesia is expected to generate new opportunities for investors from Europe, China, and Tesla, opening doors for further collaboration and investment in the Indonesian electric vehicle sector.
Wednesday, 12 March 2025 09:03
Vinfast to Invest IDR 4 Trillion in Electric Vehicle Factory in Subang
