China’s electric vehicle manufacturers are planning to penetrate the Indonesian EV market, which boasts untapped potential of over $20 billion according to a latest report. The country’s ambition to become an EV manufacturing hub and its population of nearly 300 million represents a substantial potential market for China’s EV firms.
At the Green Industrial Transformation Indonesia 2023, MAMOTOR, a China-based supplier and manufacturer of electric motorcycles, launched its latest electric motorcycles under the brand name LISGO. The company has rolled out five models in cities including Jakarta and Surabaya.
Despite its leadership in the charging sector in the Chinese market and being Tesla’s largest charging service provider in China since 2014, LISGO’s manager, Andy Huang, said that entering the Indonesian market still poses considerable challenges.
