Latest news with #IndonesiaInternationalMotorShow
South China Morning Post
20-03-2025
- Automotive
- South China Morning Post
Chinese carmaker Geely's 2024 profit soars 213% driven by EVs, asset sales
Profit at Geely Automobile Holdings , China's second-largest carmaker, more than tripled last year on the back of a surge in electric vehicle (EVs) sales and an investment gain from asset disposals. Advertisement The company's 2024 profit jumped 213 per cent from a year earlier to 16.6 billion yuan (US$2.3 billion), with sales increasing 34 per cent to 240.2 billion yuan, Geely said in a filing to the Hong Kong stock exchange on Thursday. The full-year profit beat analysts' estimates of 14.6 billion yuan tracked by Bloomberg. The company booked a gain of 9.1 billion yuan from the disposal of subsidiaries, the statement said. Excluding the one-off gain, profit increased 52 per cent. It proposed a dividend payout of HK$0.33, up from HK$0.22 in 2023. 'By leveraging on the successful transformation in electrification and 'intelligentisation', the group launched multiple new energy vehicle (NEV) models during the year, resulting in a substantial increase in NEV sales volume,' Geely said. 'The group accelerated its electrification transformation, while implementing a balanced development strategy to pursue both internal-combustion engine vehicles and NEVs.' The Geely EX5 is displayed at the Indonesia International Motor Show in Jakarta in February. Photo: Xinhua Geely's shares rose 1.5 per cent to HK$18.24 in Hong Kong on Thursday, taking its gain to 23 per cent this year. The benchmark Hong Kong Index has advanced 20 per cent in 2025.
Washington Post
13-02-2025
- Automotive
- Washington Post
Electric cars and motorbikes star at Indonesia's motor show despite country's slow uptake
JAKARTA, Indonesia — The future of Indonesia's automobiles and motorbikes is electric — at least according to exhibitors at the Indonesia International Motor Show, which opened in the country's capital city of Jakarta on Thursday. That's despite the country's own slow uptake of electric vehicles and motorbikes, which only make up a small fraction of the vehicles in the world's fourth most populated country.
Al Arabiya
13-02-2025
- Automotive
- Al Arabiya
Electric cars and motorbikes star at Indonesia's motor show despite country's slow uptake
The future of Indonesia's automobiles and motorbikes is electric – at least according to exhibitors at the Indonesia International Motor Show, which opened in the country's capital city of Jakarta on Thursday. That's despite the country's own slow uptake of electric vehicles and motorbikes, which only make up a small fraction of the vehicles in the world's fourth most populated country. Over 50 international and domestic brands were on display at the massive exhibition hall, with several brands staging Indonesian debuts for hybrid or electric vehicles. Chinese automaker BYD unveiled its Sealion 7 electric SUV, while Vietnamese automaker VinFast's electric-powered VF 3 mini SUV had its Indonesia debut. The event also welcomed a new automaker to Indonesia, with China's Honri bringing its five-passenger Boma EV. While the show floor was dominated by Asian companies, other international makers were present as well, including Germany's Volkswagen and BMW's Mini. Motorbikes – of which Indonesia has one of the largest fleets in the world, with over 132 million registered in 2023 – were also a mainstay of event, with foreign-made Royal Enfields and Vespas on display alongside Indonesia-made Alvas. A much smaller part of the show featured fossil fuel–powered jet skis and boats, which can be seen on the vast coastlines, rivers, and lakes of the country's over 17,000 islands. Outside the exhibition hall, drivers enjoyed new-car smell as they test drove cars across parking lots and over steep ramps. Eager leasing agents and sales representatives awaited drivers as they stepped out from behind the wheel. The show opened as the country faced a slowdown in its automotive industry last year: In 2024, sales fell by nearly 14 percent – from 1 million units in 2023 to 866,000 in 2024, according to the Indonesian Automotive Manufacturers Association. Indonesia's number of registered vehicles was reported at 24,646,825 units in 2023, according to the association. Indonesia's Minister of Industry Agus Gumiwang Kartasasmita said the event is expected to be one of the main drivers in the recovery of the country's slowing automotive sector. 'In a declining market condition, all stakeholders, including the government, need to find strategic steps to increase public interest in shopping for motor vehicles,' he said during the event's opening. While sales of electric vehicles and motorbikes are rising, they're still just 7 percent of the country's fleet, according to consulting firm PwC. A lack of infrastructure, high upfront cost, and low performance hinder the adoption of EVs in Indonesia, according to a 2023 report by Indonesia-based nongovernmental organization Institute for Essential Services Reform. Some EV makers said they recognize these barriers and are working to tackle them. VinFast is partnering with V-Green, a spin-off from VinFast's charging station development division, to build 30,000 chargers across Indonesia, said VinFast Asia CEO Pham Sanh Chau. 'Without (chargers), we cannot sell the car,' he said. 'That's why we come in with the whole ecosystem.' VinFast and other electric vehicle makers such as BYD are also building EV manufacturing plants in Indonesia. South Korea's Hyundai and China's Wuling have both had EV plants in the country since 2022. The Indonesia government has sought partnerships with makers as it is eager to turn the country into an international hub for EVs, leveraging its abundant reserves of critical materials needed to make batteries. The small percentage of sales matches the slow progress of Indonesia's energy transition: Despite receiving billions of dollars in funding to retire coal and transition to greener energy, the country's renewable energy mix was just 14 percent in 2024, with a majority of energy coming from highly-polluting fossil fuels such as coal.
Yahoo
13-02-2025
- Automotive
- Yahoo
Electric cars and motorbikes star at Indonesia's motor show despite country's slow uptake
JAKARTA, Indonesia (AP) — The future of Indonesia's automobiles and motorbikes is electric — at least according to exhibitors at the Indonesia International Motor Show, which opened in the country's capital city of Jakarta on Thursday. That's despite the country's own slow uptake of electric vehicles and motorbikes, which only make up a small fraction of the vehicles in the world's fourth most populated country. Over 50 international and domestic brands were on display at the massive exhibition hall, with several brands staging Indonesian debuts for hybrid or electric vehicles. Chinese automaker BYD unveiled its Sealion 7 electric SUV, while Vietnamese automaker VinFast's electric-powered VF 3 mini SUV had its Indonesia debut. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. The event also welcomed a new automaker to Indonesia, with China's Honri bringing its five-passenger Boma EV. While the show floor was dominated by Asian companies, other international makers were present as well, including Germany's Volkswagen and BMW's Mini. Motorbikes — of which Indonesia has one of the largest fleets in the world, with over 132 million registered in 2023 — were also a mainstay of event, with foreign-made Royal Enfields and Vespas on display alongside Indonesia-made Alvas. A much smaller part of the show featured fossil fuel-powered jet skis and boats, which can be seen on the vast coastlines, rivers and lakes of the country's over 17,000 islands. Outside the exhibition hall, drivers enjoyed new-car smell as they test drove cars across parking lots and over steep ramps. Eager leasing agents and sales representatives awaited drivers as they stepped out from behind the wheel. The show opened as the country faced a slowdown in it's automative industry last year: In 2024 sales fell by nearly 14% — from 1 million units in 2023 to 866,000 in 2024 according to the Indonesian Automotive Manufacturers Association. Indonesia's number of registered vehicles was reported at 24,646,825 units in 2023, according to the association. Indonesia's Minister of Industry, Agus Gumiwang Kartasasmita, said the event is expected to be one of the main drivers in the recovery of the country's slowing automotive sector. 'In a declining market condition, all stakeholders, including the government, need to find strategic steps to increase public interest in shopping for motor vehicles,' he said during the event's opening. While sales of electric vehicles and motorbikes are rising, they're still just 7% of the country's fleet, according to consulting firm PwC. A lack of infrastructure, high upfront cost and low performance hinder the adoption of EVs in Indonesia, according to a 2023 report by Indonesia-based nongovernmental organization Institute for Essential Services Reform. Some EV makers said they recognize these barriers and are working to tackle them. VinFast is partnering with V-Green, a spin-off from VinFast's charging station development division, to build 30,000 chargers across Indonesia, said VinFast Asia CEO Pham Sanh Chau. 'Without (chargers), we cannot sell the car," he said. 'That's why we come in with the whole ecosystem." VinFast and other electric vehicle makers such as BYD are also building EV manufacturing plants in Indonesia. South Korea's Hyundai and China's Wuling have both had EV plants in the country since 2022. The Indonesia government has sought partnerships with makers as it is eager to turn the country into an international hub for EVs, leveraging its abundant reserves of critical materials needed to make batteries. The small percentage of sales matches the slow progress of Indonesia's energy transition: Despite receiving billions of dollars in funding to retire coal and transition to greener energy, the country's renewable energy mix was just 14% in 2024, with a majority of energy coming from highly-polluting fossil fuels such as coal. ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
The Independent
13-02-2025
- Automotive
- The Independent
Electric cars and motorbikes star at Indonesia's motor show despite country's slow uptake
The future of Indonesia's automobiles and motorbikes is electric — at least according to exhibitors at the Indonesia International Motor Show, which opened in the country's capital city of Jakarta on Thursday. That's despite the country's own slow uptake of electric vehicles and motorbikes, which only make up a small fraction of the vehicles in the world's fourth most populated country. Over 50 international and domestic brands were on display at the massive exhibition hall, with several brands staging Indonesian debuts for hybrid or electric vehicles. Chinese automaker BYD unveiled its Sealion 7 electric SUV, while Vietnamese automaker VinFast's electric-powered VF 3 mini SUV had its Indonesia debut. The event also welcomed a new automaker to Indonesia, with China 's Honri bringing its five-passenger Boma EV. While the show floor was dominated by Asian companies, other international makers were present as well, including Germany's Volkswagen and BMW's Mini. Motorbikes — of which Indonesia has one of the largest fleets in the world, with over 132 million registered in 2023 — were also a mainstay of event, with foreign-made Royal Enfields and Vespas on display alongside Indonesia-made Alvas. A much smaller part of the show featured fossil fuel-powered jet skis and boats, which can be seen on the vast coastlines, rivers and lakes of the country's over 17,000 islands. Outside the exhibition hall, drivers enjoyed new-car smell as they test drove cars across parking lots and over steep ramps. Eager leasing agents and sales representatives awaited drivers as they stepped out from behind the wheel. The show opened as the country faced a slowdown in it's automative industry last year: In 2024 sales fell by nearly 14% — from 1 million units in 2023 to 866,000 in 2024 according to the Indonesian Automotive Manufacturers Association. Indonesia's number of registered vehicles was reported at 24,646,825 units in 2023, according to the association. Indonesia's Minister of Industry, Agus Gumiwang Kartasasmita, said the event is expected to be one of the main drivers in the recovery of the country's slowing automotive sector. 'In a declining market condition, all stakeholders, including the government, need to find strategic steps to increase public interest in shopping for motor vehicles,' he said during the event's opening. While sales of electric vehicles and motorbikes are rising, they're still just 7% of the country's fleet, according to consulting firm PwC. A lack of infrastructure, high upfront cost and low performance hinder the adoption of EVs in Indonesia, according to a 2023 report by Indonesia-based nongovernmental organization Institute for Essential Services Reform. Some EV makers said they recognize these barriers and are working to tackle them. VinFast is partnering with V-Green, a spin-off from VinFast's charging station development division, to build 30,000 chargers across Indonesia, said VinFast Asia CEO Pham Sanh Chau. 'Without (chargers), we cannot sell the car," he said. 'That's why we come in with the whole ecosystem." VinFast and other electric vehicle makers such as BYD are also building EV manufacturing plants in Indonesia. South Korea's Hyundai and China's Wuling have both had EV plants in the country since 2022. The Indonesia government has sought partnerships with makers as it is eager to turn the country into an international hub for EVs, leveraging its abundant reserves of critical materials needed to make batteries. The small percentage of sales matches the slow progress of Indonesia's energy transition: Despite receiving billions of dollars in funding to retire coal and transition to greener energy, the country's renewable energy mix was just 14% in 2024, with a majority of energy coming from highly-polluting fossil fuels such as coal. ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
