BYD invests USD 1 billion for electric car manufacturing plant in Indonesia
23 Jan 2025 07:07
BYD is in fierce competition with Japanese cars that have been dominating Indonesia for a long while.
National automotive industry slowing down, Dharma Polimetal saw 20.7% drop in profit
28 Oct 2024 11:01
PT Dharma Polimetal Tbk (DRMA), an automotive component manufacturer only scored net profit of IDR 412.07 billion within the first nine months (9M) of 2024.
Automotive startup Broom secures Series A+ funding of USD 25 million
02 Oct 2024 18:34
Broom, a digital automotive startup, announces the conclusion of Series A+ funding round worth USD 25 million led by Openspace and followed by several renowned investors, such as AC Ventures and MUFG Innovation Partners.
CARS adds IDR 15 billion worth of investment to automotive business line
18 Sep 2024 08:24
PT Industri dan Perdagangan Bintraco Dharma Tbk (CARS) has increased capital investment in PT Sarana Bangun Raharja (SBR), a subsidiary engaged in the automotive sector.
Revenue contracted, AUTO’s maintains 26.4% growth in profit
29 Jul 2024 11:43
PT Astra Otoparts Tbk (AUTO), an automotive component under Astra Group, which remains listed as a constituent of Indeks52, reported net profit of IDR 1.01 trillion in the first half of 2024.
Automotive industry struggled, Adira Finance only scored 3% growth in new financing
30 Apr 2024 14:27
PT Adira Dinamika Multi Finance Tbk (ADMF) saw 3% year-on-year (yoy) growth in its new financing to IDR 10.9 trillion in the first quarter (Q1) of 2024, a moderate growth due to stagnant automotive industry.