Competition Among Chinese EV Makers in Indonesia May Intensify -- Market Talk

Dow Jones07-25

0504 GMT - Chinese electric-vehicle makers will continue to compete among themselves in Indonesia in the coming years, Daiwa analysts write in a note. However, it will remain challenging for Chinese EV makers to disrupt the firmly established internal combustion engine cars for another year, especially Japanese car brands, they add. Among the Chinese EV makers, BYD seems the most preferred brand but it needs to wait another two years for its factory in Indonesia to begin production, the analysts say. Competition among Chinese EV makers like Neta, Wuling and Seres over pricing and advanced features continue, but the hype has dropped since their initial launch last year, they add. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

July 25, 2024 01:04 ET (05:04 GMT)

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