Meeting Highlights: China's Auto Industry and Indonesia's Minister of Industry

On June 13, 2024

Fu Bingfeng, Executive Vice President and Secretary General of the China Association of Automobile Manufacturers, met with Agus Gumiwang Kartasasmita, Minister of Industry of Indonesia, in Beijing to exchange views on the development of new energy vehicles.

Fu Bingfeng introduced the development history of China's automobile industry since the reform and opening up, highlighting the leapfrog development from small to large under the guidance of industrial policies, achieving a coordinated development pattern of vehicle-road co-development.

In the past decade, China has insisted on green development, with the automobile industry actively embracing the trends of electrification and intelligent transformation. Continuous efforts have been made in the field of new energy vehicles, with technological innovation constantly being upgraded and infrastructure being appropriately advanced to meet the public's travel and energy replenishment needs.

By accelerating the cultivation of the automobile market and building an industrial chain supply chain, China's new energy vehicle industry has shifted from policy-driven to market-driven rapid growth, presenting a good development situation with both market scale and development quality improved.

Agus Gumiwang Kartasasmita highly appreciated the achievements made in the development of China's new energy vehicle industry and stated that the development of the new energy vehicle industry is also an important strategy and development goal of Indonesia.

The Indonesian government will actively learn from China's experience in the development of new energy vehicles, make good plans and layout for the development of Indonesia's new energy vehicle industry, and strengthen cooperation with Chinese new energy vehicle companies.

Indonesia has rich resource advantages in the fields of automobile industry and electrification development, a large population, and is an important automobile consumer market in the ASEAN region with huge potential. Currently, it is developing towards electrification in an all-round way, with the development prospects of the new energy vehicle industry being broad and the opportunities for industrial development being prominent.

The automobile industry has decades of development accumulation, which has laid a good foundation for the development of new energy intelligent networked vehicles. The two sides exchanged views on topics of common concern and expressed that they will strengthen cooperation in the future to jointly promote the coordinated development of the automobile industries of the two countries.