South Korean media: Chinese electric buses are sweeping the Southeast Asian market!

On January 30, the South Korean media "Global Economy" published an article stating that Chinese-made buses are becoming the main force in the Southeast Asian electric vehicle era. With major Southeast Asian countries such as Indonesia, Singapore, and Malaysia accelerating their decarbonization policies, Chinese-made electric buses, with their high cost-effectiveness and excellent performance, are dominating the market, gradually replacing Japanese and European brands.

Driven by strong government support in Southeast Asian countries and the desire of Chinese companies to expand overseas markets, the adoption of electric vehicles is accelerating.

The public transportation system Transjakarta in Jakarta, the capital of Indonesia, currently operates 420 electric buses, many of which are made in China, including brands such as BYD, Kewei, and Yutong. Jakarta plans to replace all 10,000 of its buses with electric vehicles by 2030.

Singapore is planning to purchase more than 2,000 electric buses, aiming to achieve 50% electrification of its buses by 2030. Recently, a Chinese consortium including BYD won the bid for an autonomous electric bus project, demonstrating its technological strength.

Malaysia has announced a plan to deploy thousands of electric buses within the next five years, while the Philippines is actively introducing Chinese-made buses and has mandated that 5% of the government fleet must be electric buses.

Chinese companies are working with local partners to overcome regulatory barriers, going beyond simple export models.

VKTR, a subsidiary of Indonesia's Bakri Group, has built a factory in central Java to produce BYD buses. 40% of the company's components are sourced locally, making it the first company to receive government subsidies and planning to increase its annual production capacity to 3,000 units.

SKS Bus Company in Malaysia is actively cooperating with China CNR Corporation on technical aspects, including developing Malaysia's first locally designed electric bus.

Ultimately, due to low costs and excellent driving convenience, it is expected that Chinese vehicles will continue to maintain their dominant position in the Southeast Asian market in the foreseeable future.

Original: toutiao.com/article/1855707672334348/

Statement: This article represents the views of the author.