VKTR, Indonesia eyes H2 commercial EV orders, reports resilient H1 performance On July 30, 2025, PT VKTR Teknologi Mobilitas Tbk (VKTR) announced its focus on fulfilling orders in H2 2025, expanding market reach through customer trials, optimizing operations, and increasing locally assembled commercial EVs with high domestic content. For H1 2025, its net revenue rose 1.2% YoY to IDR 414 billion, despite a 9% decline in national automotive sales, ...

News  Updated at: 2025/08/04

f HVs amounted to 54,917 units in 2024, 96% of which were the models of Japanese OEMs.   Regarding activities related to EV production, Vietnam’s VinFast as well as China’s BYD and GAC Aion have been building new EV plants in Indonesia and plan to start manufacturing EVs by the end of 2025. PT VKTR Teknologi Mobilitas Tbk (VKTR), a subsidiary of an Indonesian industrial conglomerate, has started the construction of a commercial electric vehi...

Market & Tech Reports  Updated at: 2025/06/13

PT VKTR Sakti Industries (VKTS), Central Java Plant Electric commercial vehicles (buses/trucks) (2025-); BYD electric commercial vehicles (planning); Assembly plant for electric commercial vehicles. JV between VKTR - Karoseri Tri Sakti - The facility's soft launch was held in May 2025. - The construction project started and finished in 2024. - Planned investment: IDR 300 billion VKTR holds groundbreaking ceremony for commercial EV plant in Indo...

OEM Plants  Updated at: 2025/06/06

ses and trucks by the end of 2025. Under the partnership, PT REPT BATTERO INDONESIA will manufacture battery systems locally to comply with Indonesia’s TKDN (local content) requirements, supporting the nation’s goal of achieving net-zero carbon emissions by 2060. The initiative also involves PT VKTR Teknologi Mobilitas Tbk (VKTR), Indonesia’s first electric commercial vehicle plant founded by Bakrie & Brothers, which oversees the complete ...

News  Updated at: 2025/06/06

VKTR opens Indonesia’s first CKD electric commercial vehicle plant Announced on June 5, 2025, PT VKTR Sakti Industries (VKTS), a subsidiary of PT VKTR Teknologi Mobilitas Tbk, held a soft launch for Indonesia’s first CKD electric commercial vehicle assembly facility on May 29. The event introduced VKTR’s industrial capabilities to key stakeholders, including government officials and industry partners. The facility is designed to assemble el...

News  Updated at: 2025/06/06

/www.marklines.com/en/news/310962   Indonesia Periklindo opposes Indonesian govt.’s incentives for HEVs (September 9, 2024)https://www.marklines.com/en/news/314217 Citroen Indonesia to start local production of E-C3 All Electric in August (August 14, 2024)https://www.marklines.com/en/news/312917 VKTR reveals progress of first commercial EV plant in Indonesia; wins new orders for e-trucks (July 30, 2024)https://www.marklines.com/en/news/312036 ...

Market & Tech Reports  Updated at: 2024/11/26

and first product roll-off ceremony held in July 2024 Indonesia BYD to build EV plant in West Java Production scheduled to start in January 2026, annual production capacity 150,000 units Hyundai Motor expands its plant in Indonesia Increasing annual production capacity of EVs to 70,000 units VKTR building plant in West Java Trial operation will begin by November 2024, with an annual production capacity of 3,000 buses and trucks combined ...

Market & Tech Reports  Updated at: 2024/09/04

VKTR reveals progress of first commercial EV plant in Indonesia; wins new orders for e-trucks Announced on July 26, 2024, PT VKTR Teknologi Mobilitas Tbk (VKTR) unveiled progress of the first CKD based commercial electric vehicle facility in Indonesia, through its subsidiary which is a joint venture with Karoseri Tri Sakti, namely PT VKTR Sakti Industries (VKTS). VKTS is currently in the process of Building/Utility construction, scheduled to be c...

News  Updated at: 2024/07/30

VKTR, Indonesia notes IDR 409 billion net revenue in H1/2024, coincides with local CV sales drop On July 26, 2024, PT VKTR Teknologi Mobilitas Tbk (VKTR), a pioneer in the electrification of the commercial vehicle segment in Indonesia, announced its consolidated financial statements for H1/2024.  During the first half of 2024, VKTR recorded net revenue of IDR 409 billion with an increase in assets reaching IDR 1,717 billion.  According to VKTR,...

News  Updated at: 2024/07/30

LFP rechargeable battery cell factory project in Vietnam Gotion High-tech to construct battery plant in Big Rapids, Michigan investing USD 2.36 billion Gotion High-tech obtains mining right of lithium mine in Yifeng, Jiangxi Gotion High-tech participates in Advanced Automotive Battery Conference PT VKTR Technology Mobility joins hands with Gotion to develop EV battery in Indonesia Gotion High-tech establishes JV in Thailand to build Pack Li-ion p...

Major Suppliers  Updated at: 2024/07/19

d appointed the Indomobil Group as a distributor of GAC Aion EVs in Indonesia. The Indomobil Group, through its subsidiary Indomobil Energi Baru, will handle the distribution and sales of GAC Aion products. In the future, GAC Aion plans to launch at least three new models in Indonesia every year. VKTR Announced on February 21, 2024, PT VKTR Technology Mobility (VKTR), a subsidiary of the Bakrie Group, an Indonesian conglomerate, signed a strate...

Market & Tech Reports  Updated at: 2024/04/12

VKTR collaborates with Pertamina to advance e-Mobility as a Service in Indonesia On March 26, 2024, PT VKTR Teknologi Mobilitas Tbk (VKTR) and Pertamina New Renewable Energy (PNRE) signed the Joint Development Agreement in advancing e-Mobility as a Service (e-MaaS). Both parties aim to support the decarbonization of Indonesia's transportation sector.  VKTR and PNRE will later form a joint venture which will provide electric vehicles for Transjak...

News  Updated at: 2024/04/01

VKTR – Indomobil to jointly push EV development in Indonesia; new JV to be set up Announced on February 21, 2024, VKTR has signed a strategic partnership with Indomobil Group through PT IMG Sejahtera Langgeng. This collaboration presents VKTR's commitment to expanding both its reach and the penetration of EV technology in the Indonesian automotive market. Both sides aim to develop and improve EVs for various needs, including passenger and comme...

News  Updated at: 2024/02/27

ing companies, etc. to create an EV battery ecosystem・Ford: Partnering with two Asian companies to supply nickel in the form of mixed hydroxide precipitate (expected to start operation in 2026)・Wuling: Starting EV battery production with a subsidiary of Gotion High-tech Co., Ltd. (April 2023)・VKTR: Developed key components for EV batteries in partnership with a subsidiary of Gotion High-tech・SK On: Established a production JV for nickel i...

Market & Tech Reports  Updated at: 2023/08/16

PT VKTR Teknologi Mobilitas Tbk lists its shares on Indonesia Stock Exchange on June 19 On June 19, 2023, PT VKTR Teknologi Mobilitas Tbk (VKTR) opened the trading hours of Indonesia Stock Exchange (IDX) to list its shares on IDX Development Board. VKTR focuses on the development of EV ecosystem in the heavy mobility segment. It is the first public company in Indonesia specializing in the development and production of Battery-Based Electric Moto...

News  Updated at: 2023/06/21

PT VKTR Technology Mobility joins hands with Gotion to develop EV battery in Indonesia PT VKTR Technology Mobility (VKTR), which aims to develop the upstream EV industry in Indonesia, has signed a Memorandum of Understanding with PT. Gotion Indonesia Materials, a subsidiary of Gotion High-Tech Co., Ltd. (Gotion), to develop important components required in the EV battery industry. Gotion said this cooperation will later emphasize the development ...

News  Updated at: 2022/12/26

VKTR, Indonesia to supply nickel sulphate to Britishvolt Gigafactory On March 29, Britishvolt and VKTR, a new division of Bakrie Autoparts, a part of Bakrie & Brothers, signed a Memorandum of Understanding [MoU] to partner on the development of a transparent and lower carbon supply of nickel sulfate from Indonesia as well as a battery technology R&D roadmap. The first phase of the cooperation between VKTR and Britishvolt will focus on the establi...

News  Updated at: 2022/03/29

PT Vektr Mobiliti joins Tri Sakti and BYD Auto to manufacture e-bus in Indonesia Announced on February 17, 2022, PT Vektr Mobiliti Indonesia (VKTR) will be locally manufacturing electric buses in collaboration with local carrosserie maker Tri Sakti and top Chinese EV producer BYD Auto. According to Bakrie and Brothers (BNBR), the first e-bus manufacturing facility in Indonesia will be officially opened. VKTR is a spin-off of PT Bakrie Autoparts, ...

News  Updated at: 2022/02/23