Malaysian e-bike maker Treeletrik inks RM1.13 billion deal to supply 200,000 electric motorbikes to Indonesia
15 April 2021 2:18 pm / 4 comments
Malaysian e-bike maker Treeletrik has signed a partnership to supply 200,000 units of its 100% electric motorbikes to Indonesia via distributors PT Pasifik Sakti Enjiniring and the Nahdatul Ulama Board (PBNU). The multi-year deal, which is valued at US$274 million (RM1.13 billion), will see a minimum of 10,000 units being exported to Indonesia in 2021, followed by up to 90,000 units in 2022 and 100,000 units in 2023.
Aligned with the Indonesian government’s Acceleration of the Battery-Based Electric Motor Vehicle Programme, the Indonesian parties are optimistic about demand and have set sales targets at 10,000 units for 2021 and completing the 200,000 units by end of 2023.