South-East Asia a hotspot for Chinese EV makers

Analysts said localised production would enable companies to launch products faster and come up with products that better meet local demands.

Analysts said localised production will enable companies to launch products faster and to come up with products that better meet local demands.The Chinese electric vehicle startup partnered with PT Handal Indonesia Motor in late July. The two will start to assemble complete cars starting from the second quarter of 2024.

The carmaker started to explore overseas markets in 2022. Now its models are available in a number of countries, mainly South-East Asia, including Malaysia and Thailand. The Phase I construction of the park is estimated to be completed this year. Complete construction of the park will be finished in 2025, said the carmaker.

Its wholly-owned plant, designed with an annual capacity of 150,000 vehicles, will be the company’s first passenger vehicle manufacturing facility.

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