Ford will invest in electric vehicles in Indonesia in 2025: Ministry – Corporate

Deputy Industry Minister Faisol Riza said he was confident about the development of the country’s electric vehicle industry and hoped that more locally produced electric vehicles would enter the market.

“Ford has promised to realize its factory and investments in Indonesia by next year,” the minister said at an event in Jakarta.

“It looks like some of the global (automotive) manufacturers that were once here and then disappeared are also coming back,” Faisol said, alluding to Ford’s decision to pull out of the Indonesian market in 2016.

Also read: China’s BYD to build factory in Subang Smartpolitan

Ford did not immediately respond to a request for comment.

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In early November, State Enterprises (SOE) Minister Erick Thohir said talks were underway between government officials and global automakers, including Ford and Germany’s Volkswagen, as quoted by CNN Indonesia. President Prabowo Subianto made the talks a priority during his foreign trip in November, Erick said.