XPENG (小鹏汽车) has acquired a 90.1% stake in Indonesian manufacturing entity EIDO for full control of its West Java assembly plant, transitioning from contract manufacturing to fully self-operated localized production to anchor its expansion into Asia-Pacific right-hand drive markets.
On May 22, definitive official documents disclosed by the Indonesia Stock Exchange (IDX) confirmed that Chinese new force automaker XPENG (小鹏汽车) has officially completed the acquisition of a 90.1% equity stake in PT Era Industri Otomotif (EIDO), an electric vehicle (EV) manufacturing entity under the Indonesian listed company PT Sinar Eka Selaras Tbk (ERAL). This controlling equity transaction involving 154,072 shares became legally binding and effective on May 13. As the direct executing entity of this asset-heavy M&A, XPENG Motors International Holdings (Hong Kong) Limited (小鹏汽车国际控股（香港）有限公司) has incorporated this Indonesian localized manufacturing entity into its self-operated assets, thoroughly executing a strategic shift from relying on third-party "contract manufacturing" to "holding production dominance." This signifies that the supply chain integration of Chinese EV startups within ASEAN's largest automotive market has entered deep waters.
The most critical asset in this acquisition is the electric vehicle production and assembly plant located in Purwakarta, West Java Province, Indonesia. Serving as XPENG's (小鹏汽车) first substantive production center established overseas, the base has been operating under a Completely Knocked Down (CKD) model since July 2025—when the first unit of its flagship electric MPV, the XPENG X9, rolled off the line relying on ERAL's channels—and currently maintains a regular monthly capacity of around 800 units. By bringing 90.1% of EIDO's equity under its direct control, XPENG (小鹏汽车) will not only fully secure the regulatory dividends of luxury tax and import tariff exemptions provided by the Indonesian government for localized manufacturing (IKP), but can also perform direct, high-level, fine-tuned allocations over the entire assembly line's processes, workflows, and component inventory reserves, completely averting potential compliance friction and efficiency drag inherent in previous contract-manufacturing models.
Industry analysts note that XPENG's (小鹏汽车) decisive completion of this controlling acquisition in late May 2026 represents a long-sighted globalized positional warfare strategy. As the most populous ASEAN member state, Indonesia enforces stringent phased benchmarks for localized sourcing rates of new energy vehicles. By securing absolute dominance over the Purwakarta plant, XPENG (小鹏汽车) can not only accelerate the localized component substitution for right-hand drive versions of the XPENG G6 and X9 locally but can also utilize this facility as a central hub to seamlessly radiate its price-competitive, high-level AI intelligent driving product matrix into high-barrier right-hand drive markets across the Asia-Pacific region, including Malaysia, Singapore, and Australia. Through this structural remodeling of "building a proprietary stronghold while partnering with giants for commercialization," XPENG (小鹏汽车) has firmly locked down a highly capable, self-sustaining bridgehead in the outbound expansion campaign of Chinese new force automakers.