Toyota Will Increase Investment For Electric Vehicles In Indonesia Up To IDR 27 Trillion

Toyota will increase the number of electric vehicle investments in Indonesia (photo: doc. Unsplash)

JAKARTA - The automotive company Toyota Motor Company plans to increase its investment in electric vehicles in Indonesia by IDR 27.1 trillion over the next five years.

This statement was delivered directly by Shigeru Hayakawa, Vice Chairman of the Board of Directors of Toyota Motor Corporation in his meeting with Coordinating Minister Airlangga on Tuesday, July 26 in Tokyo, Japan.

Airlangga said that Indonesia has the potential to become an industrial base for electric vehicle (EV) production, because the demand for four and two-wheeled electric vehicles in the ASEAN region will continue to increase.

"I believe that the demand for electric vehicles, both four-wheeled and two-wheeled in Indonesia and in the ASEAN region in the future, will continue to increase. Indonesia can be used as an industrial base for electric vehicle (EV) production to be marketed in the ASEAN region and in Indonesia itself," said Airlangga in his written statement.

It is known that the President of Toyota Motor Corporation, Akio Toyoda, first promised to invest in Indonesia at a summit meeting in Osaka in 2019 to President Joko Widodo.

In the three years following the meeting, Toyota has invested Rp. 14 trillion, and the amount of investment will increase.

"We hope that with this increase in investment in Indonesia, the Indonesian government will understand our seriousness towards the electrification of motorized vehicles," said Hayakawa.

On the other hand, Toyota Indonesia is trying its best to develop the capabilities and expertise of local human resources related to electrification and readiness in the digitalization era by building an xEV Center in May 2022.

In collaboration with Pertamina and Inalum, Toyota has been trying to build the battery industry in Indonesia by increasing the expertise of local engineers for their electric vehicles.