EV Industry Update

Jul 25, 2025 | Industries

Amidst concern about sweeping changes in domestic manufacturing related to ‘trade concessions’ made by Indonesian government to USA, minister of industry Agus Gumiwang Kartasasmita, stated that the local content policy (TKDN) will still apply to certain products from...

Those continue to expand

Jul 15, 2025 | Industries

While Indonesian players closed down operations, China-based company PT Xinhai Knitting Indonesia has recently built a textile factory in Brebes, Central Java province with US$40 million of investment (approximately Rp648 billion). Sitting on 8 hectares of land, the...

A more aggressive Xpeng in Indonesia

Jul 9, 2025 | Industries

Xpeng is among the fastest growing EV player in the world. In the first half of 2025, the company delivered nearly 200,000 Smart EVs, already surpassing its full-year 2024 deliveries. Last month alone, Xpeng delivered nearly 35,000 vehicles, skyrocketed 224%...

Growing investments from Chinese F&B

Jul 8, 2025 | Industries

Last year’s SIAL-Interfood exhibition in Jakarta was interesting because out of 1,200 participating companies, China dominated with over 250 participants. Some of them have buit local factories. Four years ago, dairy giant Yili Group opened one of the largest ice...

BYD & Indonesian operation

Jul 3, 2025 | Industries

Shares of BYD Co Ltd ended flat on Wednesday (Jul 2) to make a market capitalisation of RMB1 trillion or around US$139.5 billion. BYD is now worth about half of Toyota Motor Corporation (TMC), which dominates automotive market in Indonesia until now.  BYD sold 2.145...

From bad to worse for textile & garment

Jul 3, 2025 | Industries

Hundreds of workers at garment producer PT Ricky Putra Globalindo (RICY) Tbk staged a protest this week for consistent delay in the payment of salary in the past 12 months or so even when the company already slashed nearly 1,000 employees in the past few years. RICY,...

Weaker steel output

Jun 24, 2025 | Industries

Crude steel production from 70 countries reporting to the World Steel Association, which accounted for approximately 98% of the total world crude steel production, declined 3.8% year-on-year in May 2025, dragged down by 4.7% drop in Asia and Oceania, the single...

More solar power-related investments

Jun 24, 2025 | Industries

As Indonesia and Singapore are moving closer to renewable energy trade, we see growing investments in solar panel, module or photovoltaic glass in the country. The world’s second largest manufacturer of PV glass for solar power is getting closer to commercial...

More gas-based chemical projects

Jun 23, 2025 | Industries

In the past few months, we’ve seen more announcement of new projects in Indonesia to process natural gas into various chemicals, but particularly ammonia, ammonium nitrate, nitric acid, ethanol, and methanol. The most recent came from China National Chemical...

Chandra Asri vs Lotte Chemical-Danantara

Jun 16, 2025 | Industries

After more than three decades ‘controlling’ upstream petrochemical industry and plastic raw materials, Chandra Asri (TPIA) will have a serious competitor very soon with scheduled commercial operation of new cracker by PT Lotte Chemical Indonesia (LCI). Chandra Asri...