Indonesia plans to relax investment rules for automakers: two more years, auto companies will need to produce at least 40% electric vehicles locally by 2026

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com, Aug. 12 (Reuters)-the Indonesian government is preparing to relax investment rules for foreign automakers in the near future: give automakers two more years to gain incentives for electric vehicles in Southeast Asia's largest car market-automakers need to produce at least 40 percent of electric vehicles in Indonesia to qualify for incentives by 2026.

"We offer incentives for all automakers around the world, not just one brand, to attract investors," Agus Gumiwang Kartasasmita, the country's industry minister, said on the sidelines of the Indonesian international auto show.

As previously reported by CTOnews.com, Great Wall announced its official entry into the Indonesian market at the Indonesia International Auto Show, with the unveiling of tank 500HEV, Harvard H6 HEV, Harvard JOLION HEV and Oula cats.

At this auto show, Nahan officially announced that it had entered the Indonesian market, and its three models, the Naxi S, the Naxi U-II and the Naxi V, made their debut at the same time.

The Chinese brand models currently on sale in Indonesia include and are not limited to the following models: Wuling Air EV (corresponding to Wuling clear sky), Wuling Almaz Hybrid (corresponding to Baojun 530), BYD ATTO3 (corresponding to BYD yuan PLUS) and BYD K9, etc. The country hopes to produce about 600000 electric vehicles by 2030.