- Vietnamese EV maker VinFast partners with 5 Indonesian dealers.
- This follows Indonesian President’s approval and builds on a $1.2 billion investment.
- VinFast aims to capture growing local demand and expands.
Vietnamese electric vehicle manufacturer VinFast is rapidly accelerating its expansion plans in Indonesia after inking deals with five local auto dealers to distribute its vehicles across the island nation.
The Indonesia-based dealers – consisting of Jakarta’s GSU, BAM, and GNA, as well as Majesty in Batam and MCA in Medan – will offer four models from VinFast’s electric lineup when sales open within the next year.
What’s next for VinFast in Indonesia?
Specific details regarding pricing and the ordering process will be confirmed in the first half of 2024, VinFast announced at the 2024 Indonesia International Motor Show.
The partnerships come just one month after VinFast, the EV-focused auto arm of Vietnamese conglomerate Vingroup, received approval from Indonesian President Joko Widodo to bring its sustainable transport solutions into the country.
VinFast’s global strategy
As part of a $1.2 billion investment, VinFast plans to construct a manufacturing plant in Indonesia by 2026 dedicated to producing electric vehicles.
The proposed $200 million facility is expected to have an initial annual production capacity of 30,000 to 50,000 electric vehicles that will help serve robust local demand.
Beyond Indonesia, Vingroup also recently unveiled plans to take VinFast to the Philippines as part of an accelerating global expansion strategy. VinFast is solidifying its place in Southeast Asia as a rising regional provider of all-electric mobility solutions.
