Home / Business and Economy / VinFast Eyes $1 Billion Indonesia EV Push
VinFast Eyes $1 Billion Indonesia EV Push
16 Dec
Summary
- VinFast plans to invest up to $1 billion in Indonesia.
- A new factory with 50,000 car capacity has opened.
- After-sales partnerships aim to build a comprehensive EV ecosystem.
Vietnamese electric vehicle manufacturer VinFast is set to escalate its financial commitment in Indonesia, with plans to invest as much as $1 billion. This strategic expansion follows the recent inauguration of its inaugural Indonesian production facility, which boasts an annual capacity of 50,000 vehicles.
The company, which has already injected $300 million into the Indonesian market, aims to boost its production capacity to 350,000 cars per year. The Subang plant in West Java is currently in its trial production phase and is expected to operate at full capacity in the first quarter of next year. Further investment may occur based on evolving market demand.
VinFast Indonesia has also forged key alliances with companies like Goodyear Indonesia, Dunlop, and Denso Sales Indonesia. These collaborations are designed to create a comprehensive after-sales service ecosystem for electric vehicles, aligning with VinFast's global vision and contributing to Indonesia's green transition.
