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Indonesia: January 2024

The Indonesia tech snapshot for January 2024 briefly touches on agriculture-tech for small-hold farmers and MSMEs, inroads made by China’s BYD in both EV sales and manufacturing, and Vietnam’s VinFast EV maker’s moves into Indonesian markets.

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Critical technologies, quarterly across Q4 2023


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“Semaai plans to deploy the new funds to expand its agronomy advisory service to agri-retailers and farmers, collaborate with fintech institutions to provide advanced fintech solutions and strengthen its presence in Central Java.”

“There are more than 8,200 villages in the region, and Semaai plans to cover 75 percent of these villages by the end of 2024.”

“In fact, Indonesia has a very ambitious EV growth plan. By 2025, Indonesia aims to have 2.5 million total EVs on the road, including 400,000 fully electric cars.”

“By 2030, the country plans to produce 600,000 EVs and have 13 million electric two-wheel vehicles and 2.2 million electric cars on the road. The government also plans to build charging stations in 2,400 locations, up from the 267 EV charging stations in 195 locations as of March 2022.”

“The company [BYD] has been aggressively expanding into new markets. Its exports more than quadrupled to 242,765 vehicles in 2023, accounting for 8 percent of its sales, and BYD announced last month that it would build an electric vehicle factory in Hungary, its first in Europe, the report added.”

“BYD is also accelerating its overseas footprint by setting up production facilities in Brazil and Thailand (with an annual production capacity of 150,000 units each) and expanding its sales network in Europe…”

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Weekly Asia Tech newsletters

In the January 23rd newsletter:
South Korea’s semicon mega-development,
India-Argentina lithium mining,
Singtel adds Starlink for maritime use,
India’s quantum technology moves,
Huawei adds Changan and JD for OS growth,
Google backs Pacific Connect undersea cable…
January 23rd newsletter on LinkedIn
January 23rd newsletter on Substack

Critical technologies in December 2023

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