Polytron introduces first domestic-branded BEV in Indonesia
Indonesian consumer electronics manufacturer Polytron, owned by the local Djarum Group, entered the domestic vehicle market this week with the launch of a locally-assembled battery electric vehicle (BEV) model, produced in partnership with China's Skyworth Automobile Intelligence Company Ltd. Polytron, more widely known in Indonesia as a producer of TVs, refrigerators, air conditioning systems and other household electronics, began producing battery-powered motorcycles in 2022.
Polytron this week became the first Indonesian company to introduce a domestically branded BEV, the G3 medium-sized SUV, based on the Skyworth K model, which is also available in other markets in South-east Asia. It has a driving range of 402 km and is powered by lithium ferro phosphate (LFP) 52 kW batteries.
Polytron claims that the G3 (and G3+) are more than the result of a rebadging exercise, but rather the product of a deeper product development collaboration between the two companies – including local hardware and software development. The vehicles are produced at a plant in Kudus, in Central Java, mainly from knocked-down parts imported from China.
The two companies have set a target of producing around 10,000 Polytron BEVs in the next three years, mainly for the local market.
"Polytron introduces first domestic-branded BEV in Indonesia" was originally created and published by Just Auto, a GlobalData owned brand.
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This report is also available in the following languages : Japanese (電気自動車と高級車市場), Korean (전기 및 고급차 시장), Chinese (电动和豪华汽车市场), French (Marché des véhicules électriques et de luxe), German (Markt für Elektro- und Luxusfahrzeuge), and Italian (Mercato dei veicoli elettrici e di lusso), etc. Request Sample Pages: More Research Finding – Electric Luxury Vehicle Market The electric luxury vehicle market is poised for significant growth, with a current market value estimated at approximately $62 billion in 2024. This market is projected to expand, reaching around $150 billion by 2034, driven by increasing consumer demand for sustainable transport solutions and advancements in EV technology. The forecast period from 2025 to 2034 is expected to witness a Compound Annual Growth Rate (CAGR) of approximately 10.5%, reflecting strong market potential. U.S. Automotive Luxury Vehicle Market The U.S. automotive luxury vehicle market is valued at approximately $75 billion in 2024, driven by increasing consumer demand for premium features and electric vehicle (EV) options. This sector is projected to grow significantly, reaching about $105 billion by 2034, reflecting an impressive compound annual growth rate (CAGR) of 4.6% from 2025 to 2034. Luxury Car Market The automotive luxury vehicle market is poised for significant growth, with a projected market value of approximately $730 billion in 2024. This sector is expected to maintain a robust upward trajectory, forecasting a value of about $1.2 trillion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of around 5.2% from 2025 to 2034. Electric Vehicle Charging Services Market The global electric vehicle (EV) charging services market is poised for significant growth, with a current value estimated at approximately $12.5 billion in 2024. 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