Connected by Passion
The free trade agreement with neighboring Australia concluded in spring 2019 offers new opportunities for the automotive industry in Indonesia. Two years later, Indonesian automotive industry managed to penetrate Australian market, marking a significant step toward the revival of Indonesian automotive products that adhere to international quality requirements. With the free trade agreement, car manufacturers which have already settled in Indonesia can count on import tax reliefs in Australia. Autonomous driving – self-driving cars – especially at level 4+, threatens to further exacerbate the shared mobility trend with the promise of drastically reduced costs per mile. Digitalization and software have become the new battleground for differentiation in the automotive industry and has carmakers losing ground to tech companies and digital players. At the same time, new pure-play electric car OEMs and startups have seen staggering increases in their valuation, far surpassing many legacy players in the industry.…
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