Chinese automaker BYD is reportedly seeking local partners in Indonesia as it looks to construct a $200-million vehicle and battery production facility in the Southeast Asian country. Reuters reports that Indonesia's investment chief revealed that the Warren Buffet-backed automaker has supposedly set its sights on capitalizing on Indonesia's surging automotive industry.
Gita Wirjawan, a recognized businessman from Indonesia, says that during a recent two-day visit, Chinese Premier Wen Jiabao revealed BYD's intent to establish operations in Indonesia. With automotive markets booming across much of Asia, BYD grabbing a foothold in Indonesia seems a sensible move.
[Source: Reuters Africa]