Research

EV Sales Increased +158% in Indonesia

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Algo Research Team


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Key Summary:


  • Rising market share for EV
  • Chinese brands are winning
  • New models & affordability

The Indonesian Electric Vehicle (EV) market is heating up the country’s auto industry as competition intensifies with new entrance of Chinese brands that are positively welcomed by customers. 


Such as move is posing a threat for existing players especially Japanese & Korean brands, requiring them to innovate or offer alternative value propositions i.e. lowering prices. 


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