General Motors to build new car factory in Indonesia
US car giant General Motors (GM) said on February 2 that one of its Chinese ventures plans to establish manufacturing operations in Indonesia to take advantage of growth in Southeast Asia’s biggest vehicle market.
Confirming a Reuters report published on January 31, the carmaker said SAIC-GM-Wuling (SGMW), a joint venture between GM China, SAIC Motor Corp Ltd and Wuling Motors, is planning to establish a manufacturing facility near Jakarta to build Wuling brand vehicles.
Construction of the facility is planned to begin this year, subject to government approval, GM said in a statement posted on its website. The vehicles will be sold primarily in Indonesia, with plans to potentially export them to other regional markets, it said.
Sources said that GM and SAIC would make a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region.
Officials from Indonesia’s industry ministry told state Antara news agency that GM and SAIC would invest $700 million in Indonesia to build vehicles. The GM statement did not provide the size of the planned investment.
An official at Wuling confirmed the venture’s plan to build a factory in Indonesia.
US car giant General Motors (GM) said on February 2 that one of its Chinese ventures plans to establish manufacturing operations in Indonesia to take advantage of growth in Southeast Asia's biggest vehicle market. Confirming a Reuters report published on January 31, the carmaker said SAIC-GM-Wuling (SGMW), a joint venture between GM China, SAIC Motor Corp Ltd and Wuling Motors, is planning to establish a manufacturing facility near Jakarta to build Wuling brand vehicles. Construction of the facility is planned to begin this year, subject to government approval, GM said in a statement posted on its website. The vehicles will...
US car giant General Motors (GM) said on February 2 that one of its Chinese ventures plans to establish manufacturing operations in Indonesia to take advantage of growth in Southeast Asia’s biggest vehicle market.
Confirming a Reuters report published on January 31, the carmaker said SAIC-GM-Wuling (SGMW), a joint venture between GM China, SAIC Motor Corp Ltd and Wuling Motors, is planning to establish a manufacturing facility near Jakarta to build Wuling brand vehicles.
Construction of the facility is planned to begin this year, subject to government approval, GM said in a statement posted on its website. The vehicles will be sold primarily in Indonesia, with plans to potentially export them to other regional markets, it said.
Sources said that GM and SAIC would make a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia’s biggest market and from there tackle other markets in the region.
Officials from Indonesia’s industry ministry told state Antara news agency that GM and SAIC would invest $700 million in Indonesia to build vehicles. The GM statement did not provide the size of the planned investment.
An official at Wuling confirmed the venture’s plan to build a factory in Indonesia.
