Astra International's Strategy to Compete with Chinese Electric Vehicles

Tempo04-23

TEMPO.CO, Jakarta - PT Astra International Tbk Director, Gidion Hasan, stated that the company has two strategies for dealing with the surge in electric vehicle sales from China in Indonesia. The plan...

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The plan...</p>\n\n<a href=\"https://en.tempo.co/read/2100065/astra-internationals-strategy-to-compete-with-chinese-electric-vehicles\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0648001328.SGD","symbol_name":"Natixis Harris Associates US Equity RA SGD","start_time":0,"source_url":"https://en.tempo.co/read/2100065/astra-internationals-strategy-to-compete-with-chinese-electric-vehicles","article_id":"2629856462","we_media_id":null,"thumbnails":["https://statik.tempo.co/data/2024/06/10/id_1309031/1309031_720.jpg"],"rights":{"source":"tempo_highlight","url":"https://en.tempo.co/read/2100065/astra-internationals-strategy-to-compete-with-chinese-electric-vehicles","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2629856462","pubTimestamp":1776953954,"columns":[],"sourceInfo":{"source_id":"tempo_highlight","name":"Tempo"},"weMediaInfo":null,"summary":"TEMPO.CO, Jakarta-PT Astra International Tbk Director, Gidion Hasan, stated that the company has two strategies for dealing with the surge in electric vehicle sales from China in Indonesia. The plan considers the diverse needs of Indonesian society, including the use of electric, Internal CombustionEngine , and hybrid vehicles.\"With this strategy, we hope to maintain our market share at around 50 percent,\" he said during the company's annual general meeting press conference at Menara Astra, Jakarta, on Thursday, April 23, 2026.Gidion said that conventional Internal Combustion Engine  is still very much needed by 85 percent of Indonesian society. This dominance also considers infrastructure and utility factors. To continue to meet these needs, Astra, through various licensed brands, will continue to launch new products.","collect":0,"end_time":0,"defaultTopTitle":"tempo.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4150":"赌场与赌博","ICE.AU":"ICETANA LTD","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","BYD":"博伊德赌场","BK7016":"应用软件","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","BK4588":"碎股","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","BK4112":"金融交易所和数据","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU0971096721.USD":"富达环球金融服务 A","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","BK4585":"ETF&股票定投概念","ICE":"洲际交易所","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC"},"translate_title":"雅特国际与中国电动汽车竞争的策略","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ICE.AU":1,"ICE":1,"BYD":1},"content_text":"TEMPO.CO, Jakarta - PT Astra International Tbk Director, Gidion Hasan, stated that the company has two strategies for dealing with the surge in electric vehicle sales from China in Indonesia. The plan considers the diverse needs of Indonesian society, including the use of electric, Internal Combustion Engine (ICE), and hybrid vehicles.\"With this strategy, we hope to maintain our market share at around 50 percent,\" he said during the company's annual general meeting press conference at Menara Astra, Jakarta, on Thursday, April 23, 2026.\nGidion said that conventional Internal Combustion Engine (ICE) is still very much needed by 85 percent of Indonesian society. This dominance also considers infrastructure and utility factors. To continue to meet these needs, Astra, through various licensed brands, will continue to launch new products.\n\n\n\n\n\n\n\n\n\nAstra also relies on its own automotive industry ecosystem, which includes financing, dealers, and after-sales services. \"Even up to a used car for trade-in purposes,\" said Gidion.The company holds assembly and distribution sales licenses from various brands, including Toyota, Daihatsu, Isuzu, BMW, Lexus, UD Trucks, and Honda motorcycles through PT Astra Honda Motor. Subsidiaries supporting sales in the automotive sector include Astra Otoparts, Astra World, Sera, Moda, and OlXmobbi.Astra President Director, Rudy, acknowledged that major cities such as Jakarta and its surrounding areas, Surabaya, and Bandung, have a faster electric vehicle adoption rate. The number of electric vehicle consumers, especially cars, is high due to adequate supporting infrastructure.However, semi-urban areas and large cities have different considerations, such as functionality and affordability. \"We have a multi-pathway, there are PHEV (Plug-in Hybrid Electric Vehicle), we have HEV (Hybrid Electric Vehicle), we also have ICE, because the needs of each segment are different,\" said Rudy on the same occasion.Astra is known to have a 50 percent market share in vehicle sales in Indonesia. Some of the competing brands under Astra's umbrella include electric cars such as Build Your Dreams (BYD), Geely, Xpeng, Wuling, Chery, BAIC, MG, Jetour, DFSK, VinFast, and Hyundai.Read: How Electric Vehicle Taxes Could Slow Indonesia's ElectrificationClick here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629856462","isCrawlerRequest":true}