ERAL Enters EV Business in 2025

Key Summary:
- XPENG appointed ERAL as the exclusive distributor in Indonesia
- Products include premium EVs with semi-autonomous driving capabilities
- The pricing point is likely higher than BYD or Wuling
Era Inovasi Otomotif (EIO), a wholly owned subsidiary of ERAL, announced that it has signed a distributor agreement with Shenzhen Xiaopeng Motors and Guangzhou Xiaopeng, jointly referred to as XPENG.
Context: XPENG has appointed EIO as the official and exclusive distributor to sell its electric vehicle (EV) products in Indonesia.