in most parts of the world, the Shenzhen-headquartered company is now in pole position when it comes to the electric vehicle race in Indonesia.
According to checks by ST, the area could be in the district of Subang, where basic infrastructure is relatively more developed and where the 2,700ha Smartpolitan industrial estate is being built by a private company. To qualify for these exemptions, foreign EV makers must commit to producing the same number of vehicles locally between January 2026 and December 2027 as what they import from 2024 till end-2025.
Former automotive journalist Ermiel Zulfikar said there is little chance for Tesla to establish a significant presence in Indonesia, let alone compete with BYD, because it cannot make use of the available tax waivers and has higher manufacturing prices. The number of new-energy cars in Indonesia grew by 43 per cent to 12,248 as at end-2023, compared with 8,562 in 2022, according to industry ministry data. Non-battery cars, or internal combustion engine cars, number above 17 million.
The US-China trade war has hurt China’s exports, putting pressure on Chinese manufacturers to lower the prices of cars to secure sales in other markets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla to increase Model Y prices in some European countriesTesla said in a post on social media platform X on Saturday that it would increase the price for its Model Y vehicles in a number of European countries on March 22 by approximately 2,000 euros ($2,177) or the equivalent in local currencies.($1=0.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Time to put money into the 'Magnificent 7' tech stocks?pYou might have heard of the 'Magnificent 7' - Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. But how did they become the darlings of the tech stock market and why are they so attractive to investors? Jonathan Woo, senior equity research analyst with PhillipCapital gives us the lowdown.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Defending champion Rybakina pulls out of Indian WellsINDIAN WELLS, California: Defending champion Elena Rybakina has withdrawn from Indian Wells ahead of her first match due to illness, tournament organisers said on Friday (Mar 8).
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Subdued economic growth influences conservative salary increases aheadpstrongspanspanspanspanspanspanAbout 17.9% of employers anticipate maintaining the same salary levels./span/span/span/span/span/span/strong/p pspanspanspanspanspanspanEmployers in Singapore are adopting more conservative approaches towards salary increases compared to the previous year.
Source: SBRMagazine - 🏆 13. / 51 Read more »
Singapore 'highly motivated' ahead of World Cup qualifier away clash with China, says goalscorer Jacob MahlerSingapore's crunch clash with China will take place on Mar 26 in Tianjin after their 2-2 draw in the first leg last week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Pogacar on good path ahead of Tour de France, Giro d'ItaliaSlovenia's Tadej Pogacar said his win in the Volta a Catalunya on Sunday has left him high on confidence ahead of this summer's Tour de France and Giro d'Italia campaigns.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »