Indonesia's local electric vehicle industry equity structure sees new changes. China's XPeng Motors officially becomes the controlling shareholder of Era Industri Otomotif (EIDO), a vehicle manufacturer under Indonesia's Xinghui Group, marking a new phase of strategic cooperation in Indonesia's EV sector. This equity transaction only involves the vehicle production and manufacturing entity, without substantial impact on existing business operations. XPeng's distribution, sales, and after-sales services in Indonesia will continue to be handled by two other companies under the group, maintaining the original service model for consumers.
The equity change focuses on local vehicle production and assembly operations. After legal approval, the transaction officially took effect on May 13, 2026, and the relevant notarial documents have been approved by the Indonesian Ministry of Law, with updates registered for the company's information and articles of association.
In terms of equity stake: Before the transaction, Xinghui Group held 99.99% of EIDO; after the transaction, the group's stake was reduced to 9.9%, while XPeng Motors acquired 90.1% of the shares, becoming the absolute controlling shareholder of the manufacturing division. The equity transfer was completed in two steps: first, individual shareholders transferred a small number of shares to the parent company, and then the parent company transferred the majority of the equity to XPeng, ultimately establishing XPeng's dominant position in manufacturing.
Xinghui Group stated that introducing XPeng is part of the enterprise's long-term development strategy. The cooperation between the two parties is no longer limited to vehicle production; they will also simultaneously carry out technology research and development and smart mobility solutions that precisely meet the needs of the Indonesian market. Leveraging XPeng's technology and experience, Indonesia's local electric vehicle manufacturing and assembly capabilities will be comprehensively enhanced.
Currently, Indonesia's electric vehicle industry is still in its early stages. This equity cooperation is also an important step in accelerating the improvement of the local EV industrial chain. By leveraging the complementary advantages of Chinese and foreign enterprises, both parties will work together to boost production capacity construction and technology upgrades, accelerating the development of Indonesia's new energy vehicle ecosystem.
Indonesia's local electric vehicle industry equity structure sees new changes. China's XPeng Motors officially becomes the controlling shareholder of Era Industri Otomotif (EIDO), a vehicle manufacturer under Indonesia's Xinghui Group, marking a new phase of strategic cooperation in Indonesia's EV sector. This equity transaction only involves the vehicle production and manufacturing entity, without substantial impact on existing business operations. XPeng's distribution, sales, and after-sales services in Indonesia will continue to be handled by two other companies under the group, maintaining the original service model for consumers.
The equity change focuses on local vehicle production and assembly operations. After legal approval, the transaction officially took effect on May 13, 2026, and the relevant notarial documents have been approved by the Indonesian Ministry of Law, with updates registered for the company's information and articles of association.
In terms of equity stake: Before the transaction, Xinghui Group held 99.99% of EIDO; after the transaction, the group's stake was reduced to 9.9%, while XPeng Motors acquired 90.1% of the shares, becoming the absolute controlling shareholder of the manufacturing division. The equity transfer was completed in two steps: first, individual shareholders transferred a small number of shares to the parent company, and then the parent company transferred the majority of the equity to XPeng, ultimately establishing XPeng's dominant position in manufacturing.
Xinghui Group stated that introducing XPeng is part of the enterprise's long-term development strategy. The cooperation between the two parties is no longer limited to vehicle production; they will also simultaneously carry out technology research and development and smart mobility solutions that precisely meet the needs of the Indonesian market. Leveraging XPeng's technology and experience, Indonesia's local electric vehicle manufacturing and assembly capabilities will be comprehensively enhanced.
Currently, Indonesia's electric vehicle industry is still in its early stages. This equity cooperation is also an important step in accelerating the improvement of the local EV industrial chain. By leveraging the complementary advantages of Chinese and foreign enterprises, both parties will work together to boost production capacity construction and technology upgrades, accelerating the development of Indonesia's new energy vehicle ecosystem.
