GAC AION accelerates Indonesian market expansion with first vehicle shipment

Published: Jul 29, 2024 17:08
Source: gasgoo
On July 26, the first batch of 500 AION Y Plus vehicles destined for Indonesia was loaded and shipped from the Port of Xinsha, Guangzhou.

Shanghai (Gasgoo)- Following the inauguration of its Thai factory on July 17, GAC AION has accelerated its progress in the Indonesian market. On July 26, the first batch of 500 AION Y Plus vehicles destined for Indonesia was loaded and shipped from the Port of Xinsha, Guangzhou, according to a post on the carmaker's WeChat account.

Indonesia, rich in resources and with strong economic growth, is the largest country by population and the largest economy in Southeast Asia. It also boasts the region's largest automobile market, with the only market in Southeast Asia reaching millions in vehicle sales annually, indicating enormous potential.

Additionally, Indonesia's abundant nickel reserves are advantageous for the rapid development of the new energy vehicle industry. In April this year, GAC AION officially entered the Indonesian market and signed a strategic cooperation agreement with leading local automotive group INDOMOBILE. This partnership covers various fields, including vehicle manufacturing, automotive sales and services, finance, energy ecosystems, mobility markets, and the entire supply chain.

In response to the rapidly growing Indonesian market, GAC AION is currently exporting complete vehicles to meet the high demand for pure electric cars among local consumers. Concurrently, the construction of its Indonesian factory is progressing, with completion and production expected around the end of this year. Once operational, GAC AION will offer more competitive products through localized production.

With dual factories in Thailand and Indonesia as the core, the company aims to cater to the Southeast Asian market and extend its reach to other global markets.

In addition to the AION Y Plus, other key models, such as the second-generation AION V, are also expected to enter the Indonesian market.

Since 2023, GAC AION has accelerated its overseas expansion strategy, entering 19 countries and regions in the first half of 2024. Looking ahead, GAC AION plans to enter markets in Qatar, Mexico, and beyond.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Two Departments: Self-Generated Power Generation Ratio of Green Electricity Direct Connection Projects Shall Be No Less Than 60%
16 hours ago
Two Departments: Self-Generated Power Generation Ratio of Green Electricity Direct Connection Projects Shall Be No Less Than 60%
Read More
Two Departments: Self-Generated Power Generation Ratio of Green Electricity Direct Connection Projects Shall Be No Less Than 60%
Two Departments: Self-Generated Power Generation Ratio of Green Electricity Direct Connection Projects Shall Be No Less Than 60%
[Two Departments: Self-consumed Power Generation Ratio for Multi-user Green Electricity Direct Connection Projects Shall Be No Less Than 60%] The National Development and Reform Commission (NDRC) and the National Energy Administration issued a notice on matters related to the orderly promotion of multi-user green electricity direct connection development. The notice stated that provincial energy authorities should strengthen overall planning for such projects. Projects should reasonably plan new energy installed capacity in accordance with the principle of "determining supply based on demand," with the ratio of annual self-consumed power generation to total available power generation being no less than 60%, and the ratio to total electricity consumption being no less than 30%, rising to no less than 35% before 2030. The wind power and solar power generation capacity of projects is to be incorporated into the new energy power generation development and construction plans formulated by provincial energy authorities, with relevant planning management requirements implemented in accordance with the Notice on Matters Related to the Orderly Promotion of Green Electricity Direct Connection Development. Projects and their internal resources are exempt from electricity business permits, unless otherwise stipulated.
16 hours ago
China Huaneng and LONGi Green EnergyChina Huaneng and LONGi Green Energy Signed Strategic Cooperation Agreement
16 hours ago
China Huaneng and LONGi Green EnergyChina Huaneng and LONGi Green Energy Signed Strategic Cooperation Agreement
Read More
China Huaneng and LONGi Green EnergyChina Huaneng and LONGi Green Energy Signed Strategic Cooperation Agreement
China Huaneng and LONGi Green EnergyChina Huaneng and LONGi Green Energy Signed Strategic Cooperation Agreement
[China Huaneng and LONGi Green Energy Sign Strategic Cooperation Agreement] On May 19, according to China Huaneng, China Huaneng Group Co., Ltd. and LONGi Green Energy Technology Co., Ltd. signed a strategic cooperation agreement at the Group's headquarters. Under the cooperation agreement, the two parties will further cooperate in areas such as new energy project development, technological innovation, and industrial application.
16 hours ago
CATL and Shanxi to Jointly Build New Energy Entire Industry Chain Cluster
16 hours ago
CATL and Shanxi to Jointly Build New Energy Entire Industry Chain Cluster
Read More
CATL and Shanxi to Jointly Build New Energy Entire Industry Chain Cluster
CATL and Shanxi to Jointly Build New Energy Entire Industry Chain Cluster
[[CATL and Shanxi Province to Co-build New Energy Entire Industry Chain Cluster] Recently, CATL signed a deep strategic cooperation agreement with the People's Government of Shanxi Province in Taiyuan, Shanxi, and signed a zero-carbon city cooperation agreement with the People's Government of Datong City. The two sides will seize the strategic opportunities of "building a new-type energy system" and "becoming an energy powerhouse," jointly creating a new energy entire industry chain cluster driven by the dual engines of "aluminum-lithium," and building an application hub centered on battery swapping heavy-duty trucks.
16 hours ago