China's BYD, Neta eye growth in Indonesia with new EV investments

JAKARTA -- Chinese electric vehicle makers BYD and Neta Auto are poised to challenge Japan's dominance in Indonesia's car market, announcing new investment plans and rolling out their latest models at an auto show in Jakarta.

Indonesian property developer Suryacipta Swadaya on Tuesday announced that BYD will build a $1 billion factory on 1.08 sq. kilometers of land in West Java province. Construction is slated to start in August, and operations are to commence in January 2026. The plant's capacity will be announced later, the company said.