Mexican Media Brands
Toyota to Spend $2 Billion on Electrification in Indonesia
Toyota Motor Corp. will invest 28.3 trillion rupiah ($2 billion) over the next four years to electrify its fleet in Indonesia, according to the country’s ministry for maritime affairs.
#hybrid
Share
Toyota Motor Corp. will invest 28.3 trillion rupiah ($2 billion) over the next four years to electrify its fleet in Indonesia, according to the country’s ministry for maritime affairs.
The company adds that it will ramp up its efforts in step with the government’s electrification plan, which begins with hybrid powertrains. Indonesia is southeast Asia’s largest economy and second-largest vehicle production center.
Indonesia also wants to become a regional hub for EV battery and vehicle production. Reuters notes that the country has rich supplies of nickel laterite ore, a source of nickel for lithium-ion batteries.
Earlier this year the Indonesian government announced plans to offer incentives to domestic makers of batteries and electrified vehicles. Reuters says the country also is arranging favorable tariffs with countries where EV markets are growing.
RELATED CONTENT
-
Honda to Make Hybrids in Thailand
Honda Motor Co. is preparing to launch production in Thailand of hybrid cars and the batteries that help power them.
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.