Erajaya Plans To Enter The Electric Vehicle Business In Early 2025

PT Erajaya Swasembada Tbk, known as ERAA, has signed a partnership with the Chinese electric vehicle manufacturer XPeng through its subsidiary, PT Era Inovasi Otomotif (EIO). According to a disclosure from the Indonesia Stock Exchange on Wednesday, January 1, 2025, XPeng will work with EIO as its official partner to establish a distribution network for XPeng electric vehicles in Indonesia. Amelia Allen, the Head of Legal and Corporate Secretary at Erajaya Swasembada, stated that EIO will manage sales and provide after-sales services to strengthen market presence and ensure sustainability and innovation in Indonesia's electric vehicle industry.

"EIO will be the exclusive agent for the XPeng brand," she said. She also mentioned that this agreement allows the company to expand its business into the electric vehicle sector, which is expected to generate additional financial contributions for the company.

For context, EIO is a subsidiary of PT Erajaya Swasembada Tbk, with 99.995% of its shares owned by PT Sinar Eka Selaras Tbk (SES). SES is a controlled company, with an 80% direct ownership by Erajaya.

Previously reported, XPeng plans to launch in Indonesia in early 2025 with two flagship models: the G6, a high-tech mid-size SUV, and the X9, a premium 7-seater electric MPV. Both vehicles are designed to meet the needs of Indonesian consumers seeking sustainable mobility with high performance for family and business use.

Tag: Chinese Electric Vehicle Era Inovasi Otomotif Erajaya