Indonesia
Chinese electric vehicle (EV) startup Hozon has announced its plans to commence local manufacturing of its Neta-branded vehicles in Indonesia, starting from the year 2024. The announcement was made, underlining the company’s commitment to expanding its global presence.
Hozon has entered into a strategic partnership with PT Handal Indonesia Motor, a move that paves the way for assembling complete knock-downs and painting vehicle bodies. This collaborative effort is slated to kick off in the second quarter of the upcoming year.
To showcase its dedication and the potential of its Neta-branded models, Hozon will unveil three of its impressive vehicles at the Gaikindo Indonesia International Auto Show, an event scheduled to run from August 10 to 20.
With a keen eye on Indonesia’s vast market potential, boasting a population exceeding 200 million, Hozon aims to introduce its smart vehicles manufactured in China into this thriving automotive landscape. Wang Chengjie, Assistant President of Neta Auto and Vice-President of Neta Overseas expressed optimism about Indonesia’s enthusiasm for electric cars as a sustainable solution for daily commuting.
“We believe that Indonesia has great potential to accept electric cars as vehicles to support daily mobility activities because they are proven to be effective and environmentally friendly,” commented Wang Chengjie.
Hozon initiated its foray into international markets in 2022 and has since gained traction in various countries, predominantly across Southeast Asia. Notably, its presence has been established in countries such as Malaysia and Thailand.
With its sights set on further expansion, Hozon has already begun the construction of a manufacturing plant in Thailand. This facility is slated to be operational early next year, boasting an annual production capacity of 20,000 vehicles.
In Thailand, the Neta-branded electric vehicles by Hozon have resonated well with consumers. Recent statistics demonstrate Neta’s domination as the best-selling EV brand in Thailand during June, capturing an impressive market share of 28.9 percent. Hozon has already initiated the sale of Neta vehicles in Thailand and Malaysia, and its plans to build a dedicated assembly plant in Thailand further underscore its commitment to the region.
As Hozon continues to forge ahead with its global expansion strategy, the move to establish local production in Indonesia signifies a significant step towards solidifying its position in the evolving EV landscape, and in turn, contributing to the global push for sustainable mobility solutions.
