According to Neta Auto, on May 31st, Indonesian electric car maker PTNETA Auto officially started localized production on a CKD basis (complete kit delivery).
PT Handal Indonesia Motor (HIM), located in Bekasi, West Java, carried out the initial assembly of Neta Auto's latest model, the NETA V-II. Kong Fanlong, Co-President of Neta Motors Indonesia, said that once localized production begins, it is hoped that the Neta plant in Indonesia will be able to meet the market's long-term demand for smart trams and further serve as a production base for Neta Motors to support its exports from Indonesia to other countries.
Neta Auto currently plans to launch three factories overseas. Among them, the Thailand plant, which commenced production at the end of November 2023 and mass production on March 13, will be Neta Auto's main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.
Neta Auto's Indonesia plant has recently begun localized production in the form of CKD (complete kit knockdown). IT Home Note: There are three forms of KD: CKD (complete kit knockdown), SKD (partial kit knockdown), and DKD (complete vehicle knockdown.) KD refers to importing all the bulk parts from abroad and assembling them domestically.
In January, Neta Auto and its Malaysian partners completed the groundbreaking ceremony for Neta Auto's third overseas factory at the Rembau Chembong Industrial Estate in Negeri Sembilan. According to reports, the plant is scheduled to go into operation in 2025 and will strengthen Neta Auto's leading position in the local market.
In 2023, Neta Auto's overseas sales volume will exceed 20,000 units, a year-on-year increase of 567%, and the company plans to accelerate its overseas expansion in 2024, with market coverage in more than 60 countries and the number of overseas channels exceeding 500.