BYD's global growth strategy gains momentum with an upcoming plant in Indonesia, slated for operations by the end of 2025.

BYD, the leading electric vehicle (EV) manufacturer in Indonesia, has been making significant strides in expanding its global presence. Last year, the company started production at a plant in Uzbekistan with an annual capacity of 150,000 vehicles.

In a move to strengthen its presence in Europe, BYD is due to complete work on a factory in Hungary by 2025. This factory, known as the Hefei, has a capacity of 5,000 vehicles and will be used to export BYD's new energy vehicles to Europe.

BYD's commitment to the Indonesian project allows it to temporarily export vehicles without paying duties. Currently, the company is exporting the Seal, Atto, Dolphin, and M6 models to Indonesia from China. In 2020, BYD sold 15,400 vehicles in Indonesia, solidifying its position as the leading EV maker in the country.

The plant in Subang, West Java, will initially supply the domestic market but aims to produce for export markets in the long term. Eagles Zhao, BYD's president in Indonesia, stated that the plant's initial focus will be on supplying the domestic market. However, the long-term plan for the plant includes production for export markets.

BYD launched its third ro-ro vessel, the LNG-powered Hefei, in January. This vessel will play a crucial role in transporting BYD vehicles from China to various export markets.

In a bid to further enhance its logistics capabilities, BYD signed an MoU with Hyundai Glovis in October. This agreement will allow the companies to share vessel capacity for deep-sea finished vehicle shipments between China and BYD's export markets.

However, construction of BYD's planned factory in Brazil has faced some challenges. Work on the plant was suspended in December due to degrading construction conditions. As a result, BYD has cut ties with the construction firm Jinjiang Construction Brazil. The developer (Bauherr) of the planned factory and its completion date are currently unknown.

Despite these challenges, BYD is pushing forward with its plans. The company is planning to complete a $1 billion plant in Subang, West Java, Indonesia by the end of this year. The initial focus will be on supplying the domestic market, but the long-term goal is to produce vehicles for export markets.

With its strategic expansions and robust logistics network, BYD is poised to continue its growth and dominate the global EV market.

BYD's global growth strategy gains momentum with an upcoming plant in Indonesia, slated for operations by the end of 2025.