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Indonesia says China's BYD in talks for car, battery plant
An employee stands near a F3DM, a hybrid car by Chinese automaker BYD Auto, at the Guangzhou Autoshow December 20,2010.
Credit: Reuters/Tyrone Siu/Files
JAKARTA |
JAKARTA (Reuters) - BYD Co Ltd, a Chinese car and battery maker backed by billionaire Warren Buffett, is in talks to build a car or battery plant in Indonesia worth around $200 million, Indonesia's investment chief told Reuters on Saturday.
Gita Wirjawan, speaking during a two-day visit by Chinese Premier Wen Jiabao to Indonesia, said the firm was looking for local partners in Southeast Asia's biggest economy, which is seeing surging consumer demand for cars.
(Reporting by Janeman Latul; Editing by Neil Chatterjee)
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