BYD Never Sends Electric Car Unit, Bahlil: The Administrative Process Is Just Finished

JAKARTA - Investment Minister/Head of BKPM Bahlil Lahadalia opened his voice about the electric car brand from China, BYD, which has not yet sent its products to Indonesian consumers.

Bahlil said, there were a number of administrative processes that had just been completed by BYD and the government.

The administrative process that Bahlil meant regarding BYD's investment in Indonesia.

Such as investment value to production capacity.

Before he imports, he must present the value of the investment, how much production capacity and how long he has been investing. Now, we give the import recommendation permit based on the progress of investment realization," he said at the DPR Building, Parliament Complex, Tuesday, June 11.

Bahlil revealed that he had just signed a recommendation for a complete electric car import permit (CBU) based on the investment value and production capacity of the car factory in Indonesia.

Furthermore, Bahlil also said that the government would calculate how many units of electric cars BYD could imported in CPU form. He said everything had been agreed between BYD and the government.

"Now we give it first approximately 10 to 20 percent of the total production capacity, but I have signed (the permit)," he said.

For your information, BYD is committed to investing in Indonesia by building a factory in Subang, West Java. The investment value of this electric car company from China is IDR 16 trillion.

The certainty of this investment emerged that PT BYD Motor Indonesia (BYD) signed a cooperation agreement with PT Suryacipta Swadaya, a developer from the Subang Smartpolitan Industrial Estate. The BYD factory in Subang has a production capacity of 150,000 units per year.