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According to Nikkei Asian Review, the renowned Singapore-based ride-hailing company Grab will be purchasing 1,000 electric vehicles, primarily from the Chinese brand BYD, for the Indonesian market as part of its green transition efforts.
Specifically, Grab has announced plans to develop a more environmentally friendly taxi fleet, including BYD’s M6 electric cars.
“We will continue to provide eco-friendly transportation solutions to the public and accelerate the development of the electric vehicle ecosystem here,” said Neneng Goenadi, Grab’s executive director in Indonesia.
Grab currently operates a fleet of over 10,000 vehicles, including cars and motorcycles, in Indonesia.
As per Nikkei, ride-hailing services in Southeast Asia are transitioning to greener and more environmentally friendly options, such as electric vehicles. For instance, Grab has committed to using low-emission vehicles to achieve its carbon neutrality goal by 2040.
Grab’s rival in Indonesia, Gojek, also plans to replace all its motorcycles with electric ones by 2030. The company established a joint venture called Electrum last year to produce electric motorcycles and build a factory in West Java province.
Returning to Grab, the company has not disclosed details of its agreement with BYD, but its latest statements highlight the Chinese electric vehicle maker’s ambitious expansion plans in Indonesia.
Thus far, Indonesia’s market has been dominated by Japanese automakers, capturing over 90% market share. Hence, BYD’s collaboration with Grab in the ride-hailing sector is a strategic move to find a foothold in the market.
The Chinese conglomerate BYD entered Indonesia’s passenger car market in January 2024 with the launch of three new models. In July, it introduced the M6, an electric multi-purpose vehicle suitable for the Indonesian lifestyle.
Additionally, BYD is preparing to manufacture cars locally in Indonesia. In April 2024, the Indonesian property developer Suryacipta Swadaya announced that BYD would build a $1 billion factory on a 1.08-square-kilometer site in West Java province. The factory is expected to commence operations in January 2026.
Source: Nikkei
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