China’s BYD pulls ahead of Tesla in Indonesia’s EV market

News Snapshot:

JAKARTA – As American carmaker Tesla and China’s BYD Automobile compete neck and neck in most parts of the world, the Shenzhen-headquartered company is now in pole position when it comes to the electric vehicle (EV) race in Indonesia. In January, the Chinese EV maker started utilising a government tax break to ship three of its models – Dolphin, Atto 3 and Seal – to Indonesia, South-east Asia’s largest economy, which boasts a population of 280 million. In April, BYD will set up its first assembly plant in West Java province – in a 108ha plot of land strategically located...