The Taiwan-based Foxconn said it has partnered with Indonesia's Investment Ministry and several companies to support the development of electric vehicles (EV) in the Southeast Asian nation.
An electric car model of Foxconn (Illustrative photo: Reuters)
Jakarta (VNA) - The Taiwan-basedFoxconn said it has partnered with Indonesia's Investment Ministryand several companies to support the development of electric vehicles (EV) inthe Southeast Asian nation.
Foxconn, the main iPhone maker of Apple, said it has signed amemorandum of understanding for a wide scope of investment on EVs, including battery manufacturing, with the Indonesian Ministry ofInvestment, Indonesia Battery Corporation, energy firm PT Indika Energy, andTaiwanese electric scooter vendor Gogoro.
The cooperation, which aims to build a "new energyecosystem" in Indonesia, also includes the development of EV supportingindustries such as energy storage systems, battery exchange stations andrecycling, Foxconn said in a statement./.
The Thai Ministry of Energy said on October 27 that charging stations for electric vehicles (EV) will be placed about 50 to 70 km apart as part of the country’s plan to boost demand and turn Thailand into a EV manufacturing hub in ASEAN.
Indonesia’s state-owned oil company PT Pertamina (Persero) and other state enterprises that are part of Indonesia Battery Holding (IBH) are currently focusing efforts towards developing an electric vehicle (EV) ecosystem in the Southeast Asian country.
Indonesia’s Ministry of Finance is planning to give tax exemption for 10 years to new investors in the electric vehicle (EV) sector, according to a government official.
Indonesia is seeking ways to become an electric vehicle (EV) production hub in the region, aiming to reach an output of 600,000 electric cars and 2.5 million electric motorcycles by 2030.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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An electric car model of Foxconn (Illustrative photo: Reuters) 
