Indika Energy to invest IDR 45 billion for EV battery production
29 Sep 2023 10:08
PT Indika Energy Tbk (INDY) has established a new subsidiary in the electric vehicle (EV) battery manufacturing segment, investing a total of IDR 45 billion.
Marketing costs drag profit down, MCAS: short-term pinch for long-term gain
08 Sep 2023 14:47
The significant profit decline of PT M Cash Integrasi Tbk (MCAS) in the first half of 2023, reaching minus 60% year-on-year (yoy), is revealed to be the result of swelling selling expenses.
EV getting popular, Dharma Group rakes in profit
26 Jul 2023 17:35
The rising popularity of electric vehicle (EV) in Indonesia brings certain win to PT Dharma Polimetal Tbk (DRMA), an infamous automotive component manufacturer in Indonesia.
Indika Energi sets up 2 new subsidiaries for EV rental business
12 Jul 2023 07:16
PT Indika Energi Tbk (INDY), through its subsidiaries, has established two new subordinate companies that are projected to operate in the electric vehicle (EV) rental businesss.
Bakrie’s VKTR to raise IDR 1.13 trillion in IPO
07 Jun 2023 14:11
PT VKTR Teknologi Mobilitas Tbk (VKTR), an electric vehicle (EV) company under Bakrie Group, will issue 8.75 billion new shares in the Initial Public Offering (IPO).
Supporting EV credit payment, Volta to join hands with Bank Mandiri
10 Apr 2023 16:35
PT Volta Indonesia Semesta (Volta), an electric vehicle (EV) manufacturer under PT M Cash Integrasi Tbk (MCAS), has collaborated with PT Bank Mandiri (Persero) Tbk (BMRI) to offer an EV credit.
Volta to secure incentives from gov’t
06 Mar 2023 21:06
Volta, a subsidiary of PT NFC Indonesia Tbk (NFCX), has officially secured electronic vehicle (EV) incentives from the Indonesian government.
Blue Bird prepares IDR 2 trillion capex for hundreds of electric vehicles
22 Feb 2023 20:31
PT Blue Bird Tbk (BIRD) has prepared a capital expenditure (capex) budget of IDR 2 trillion this year to add a new fleet.
NFCX to pair up with Bank DKI for EV credit
13 Jan 2023 13:23
PT NFC Indonesia Tbk (NFCX), through its subsidiary, PT Volta Indonesia Semesta, is working together with Bank DKI to facilitate easier access to procure electric vehicle (EV).
Aneka Tambang to send subsidiaries to EV battery industry
10 Jan 2023 09:26
PT Aneka Tambang Tbk (ANTM) has prepared two of its subsidiaries, PT Sumberdaya Arindo (SDA) and PT Nusa Karya Arindo (NKA), to work on the project of the upstreaming development of the electric vehicle (EV) battery ecosystem.
