(BRK.A), (BRK.B)
BYD, the electric vehicle giant backed by Berkshire Hathaway, is set to expand its global manufacturing footprint with a new $1 billion EV plant in Indonesia. The facility will have an annual production capacity of 150,000 vehicles, strengthening Indonesia’s role in the EV industry.
The Indonesian government has granted BYD the right to import cars tax-free, making the country an attractive market for expansion. With a population of 278 million—just 16% less than the U.S.—Indonesia offers significant growth potential. The government has also set an ambitious goal of producing 600,000 EVs domestically by 2030, prioritizing foreign investments to accelerate this target.
In addition to its plants in China, BYD has been rapidly expanding its manufacturing presence worldwide. The company opened a factory in Thailand last June and has planned or ongoing facilities in Pakistan, Hungary, Turkey, Brazil, and Mexico. The new Indonesian plant will further solidify BYD’s position as a dominant player in the global EV market.
© 2025 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and BYD, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.