10 new Toyota EVs heading to Indonesia by 2025, plus USD 2b investment

Joining the likes of Hyundai, Tesla, and CATL, Toyota has also showed tremendous interest in Indonesia’s abundant reserve of nickel. Jakarta Globe reports that Toyota plans to introduce 10 electric vehicles in Indonesia by 2025.

Nickel is crucial in the production of lithium-ion batteries.

Yoichi Miyazaki, Toyota's chief executive officer for Asia Region, said in a virtual meeting with the Coordinating Minister for Economic Affairs Airlangga Hartarto on Tuesday,

"Toyota is fully committed to supporting the Indonesian government's efforts to reduce emissions, and also reduce fuel imports for motor vehicles,"

Toyota had pledged to invest USD2 billion in Indonesia last year to supports its push towards electrification.

Although Toyota CEO, Akio Toyoda doesn’t seem so fond of electric cars, the plan to introduce 10 electric vehicles in Indonesia over the next 5 years shows great support for electrification.

One of the cars is most likely the joint work of Toyota and Subaru, the Subaru Evoltis.

Toyota’s plans for Indonesia include making it an export hub beyond the SEA region.

Besides electrification, Toyota is also in support of Indonesia’s implementation of B30 diesel fuel (30% palm oil biodiesel).

While Toyota plans to introduce 10 electric vehicles in Indonesia over the next five years, Tesla representatives will be visiting in Indonesia next month. Chinese battery giant, CATL, plans to invest USD 5 billion. Hyundai, on the other hand, is setting up a manufacturing plant in Cikarang.