SGMW Motor Indonesia explained

PT SGMW Motor Indonesia
Type:Subsidiary
Industry:Automotive
Foundation:2015
Location City:Cikarang, West Java, Indonesia
Area Served:Indonesia
Key People:Shi Guoyong (President-Director)
Products:Passenger cars
Light commercial vehicles
Brands:Wuling Motors
MG Motor
Chevrolet (formerly, export only)
Production: 24,456 vehicles (2023)
Owners:SAIC Motor (74.92%)[1]
Homepage:http://wuling.id

PT SGMW Motor Indonesia is a subsidiary owned by SAIC Motor and SAIC-GM-Wuling. It is the first Chinese automotive company to build a manufacturing plant in Indonesia.

Unlike their operations in China, SGMW Indonesia only market vehicles in one marque, Wuling Motors, instead of both Wuling and Baojun. However, the facilities also produce Chevrolet for exports and shared its facilities to manufacture MG Motor electric cars.[2] [3]

In 2018, Wuling Motors is the ninth largest automotive manufacturing company in Indonesia and the sixth largest passenger car manufacturing company in Indonesia by sales and production.[4] In 2022, their Wuling Air EV is the best-selling electric vehicle in Indonesia.[5]

History

The company started its operation by building its first plant in Greenland International Industrial Center in Cikarang, Bekasi Regency, West Java province on August 20, 2015.[6] Built on a 600,000 m2 land including the supplier park, the plant was built for the production and manufacture of automobile in Indonesia and to set up an export base for Southeast Asia. The investment of the project is around US$700 million. The plant is expected to produce up to 150,000 vehicles in a year in its maximum capacity and is estimated to create 3,000 jobs for Indonesia.[7]

In August 2016, SGMW Motor Indonesia joined the 2016 Gaikindo Indonesia International Auto Show and showcased the Wuling Hongguang S1 and Baojun 730.[8] [9] On July 11, 2017, the plant officially started its operations for mass production and was inaugurated by the vice president of Indonesia, Jusuf Kalla.[10] Their first product was a compact MPV named Confero, which is a rebadged Hongguang S1.[11] Initial pricing started at Rp 128 million, making it the cheapest MPV in its respective class.[12] At the end of 2017, Wuling Motors quickly climbed into the top-10 car brand in Indonesia by production and sales.[13]

On February 9, 2018, the company launched the Cortez, a rebadged Baojun 730.[14] On November 7, 2018, Wuling launched the Formo as a commercial variant of the Confero.[15] At the end of 2018, Wuling missed the targeted vehicle sales of 30,000 units, instead recorded 17,002 units for the wholesales figure and 15,162 units for the retail sales figure.[16]

On February 27, 2019, Wuling unveiled the Almaz, a rebadged Baojun 530 as their first SUV in Indonesia.[17] Wuling announced that it would export Almaz to Thailand, Brunei and Fiji as the Chevrolet Captiva.[18]

On August 10, 2022, SGMW Motor Indonesia introduced its first electric car in Indonesia, Wuling Air EV.[19] In April 2023, Indonesian buyers of the car will receive incentives of battery-based electric cars, in the form of VAT subsidies, from 11% to 1%.[20] Wuling Air EV is the best selling electric car in Indonesia for 2022, account for 77.98% of electric car sales in the country for 2022.

In February 2023, Wuling announced Alvez, a rebadged Wuling Xingchi as their second SUV in Indonesia.[21]

On August 18, 2023, PT SGMW Motor Indonesia said that its production facilities will be shared with PT SAIC Motor Indonesia[22] to manufacture MG Motor (other brand owned by SAIC, the parent company of SGMW), which commenced production of MG4 EV and MG ZS EV in February 2024.[23] [24]

On November 16, 2023, Wuling announced Binguo EV as their second electric car to enter Indonesia.[25]

On February 15, 2024, Wuling announced the Cloud EV as their third electric to enter Indonesia, to complete their 'ABC Trio' electric car lineup.[26] [27]

Models

ModelIndonesian introductionCurrent modelCurrent production status
IntroductionUpdate/facelift
Hatchback
Air EV20222022Assembled in Indonesia
Binguo EV20232023Assembled in Indonesia
Cloud EV20242024Assembled in Indonesia
SUV/crossover
Alvez20232023Assembled in Indonesia
Almaz201920192023Assembled in Indonesia
MPV
Confero201720172021Assembled in Indonesia
Cortez201820182022Assembled in Indonesia
Light commercial vehicle
Formo201820182023Assembled in Indonesia

Sales

Production!Year!Confero!Formo!Formo Max!Cortez!Alvez!Almaz/Chevrolet Captiva!Air EV!Binguo EV!Total
20176,0261236,149
20189,5581326,45616,146
20199,4752512,58112,67324,980
20203,2683211,4262,3387,353
202110,5611,3754,31410,02726,277
202210,8318152454,5875,5418,42230,441
20236,0779421,3743875,9562,2975,6261,79724,456
Total135,802
Wholesales!Year!Confero!Formo!Formo Max!Cortez!Alvez!Almaz!Air EV!Binguo EV!Total
20174,958925,050
201811,062835,85717,002
20199,1373013,1609,74322,341
20203,0603885,6761,94711,071
202110,4889994,4239,69425,604
202210,8441,2853,9055,4068,05329,493
20235,8877631,3198245,9231,8565,5751,39323,540
Total134,101
Retail!Year!Total
20173,268
201815,162
201921,112
20209,523
202123,920
202224,270
202325,992
Total123,247
Exports!Year!Chevrolet Captiva/Almaz!Cortez!Formo!Air EV
20192,696
202058427
2022313326
202321271,504
Total3,31342101,530

References

  1. Web site: SAIC MOTOR CORPORATION LIMITED Annual Report 2022 . Upon completion of the transaction, the Group’s share of net assets of Wuling Indonesia increased from 60.48% to 74.92%.
  2. Web site: Media . Kompas Cyber . 2023-08-17 . Pabrik MG di Indonesia Berbagi Fasilitas dengan Wuling? . 2024-01-23 . KOMPAS.com . id.
  3. Web site: Media . Kompas Cyber . 2023-11-16 . MG Indonesia Bangun Pabrik, Total Investasi Rp 4 Triliun . 2024-01-23 . KOMPAS.com . id.
  4. Web site: Indonesian Automotive Sales Figures. Gaikindo.
  5. Web site: Wuling Air EV Kuasai Pasar Mobil Listrik Indonesia pada 2022 Databoks . 2024-01-23 . databoks.katadata.co.id . id.
  6. Web site: Wuling Motors Holds Ground-breaking Ceremony for its First Plant in Indonesia. 2015-08-20. Wuling Motors. en-US. 2019-07-08.
  7. Web site: Pabrik Mobil China Pertama RI Produksi 150.000 Unit Mulai 2017. Suhendra. Zulfi. detikfinance. 2019-07-08.
  8. Web site: Wuling Motors Joins 2016 Gaikindo Indonesia International Auto Show to Listen, Understand and Create for Indonesia. 2016-08-11. Wuling Motors. en-US. 2019-07-08.
  9. Web site: Wuling Motors Debut di GIIAS 2016, Wuling Hong Guang Tampil. Satrio. Hillarius. 2016-08-11. AutonetMagz :: Review Mobil dan Motor Baru Indonesia. en-US. 2019-07-08.
  10. Web site: Diresmikan JK, Wuling Motors targetkan produksi 8.000 unit tahun ini. merdeka.com. en. 2019-07-08.
  11. Web site: Wuling Motors' Factory Opening, Starts to Mass Produce Confero S. 2017-07-18. Wuling Motors. en-US. 2019-07-08.
  12. Web site: Harga Wuling Confero di Indonesia Mulai 128 Juta!. Katana. Satria. 2017-08-02. AutonetMagz :: Review Mobil dan Motor Baru Indonesia. en-US. 2019-07-08.
  13. Web site: Baru satu tahun di Indonesia, Wuling sudah masuk kelompok 10 besar. merdeka.com. en. 2019-07-08.
  14. Web site: Wuling Cortez Launched for Indonesia. 2018-02-08. Wuling Motors. en-US. 2019-07-08.
  15. Web site: Wuling Formo Diluncurkan, Harga Rp 135,8 Juta. Priyanto. Wawan. 2018-11-07. Tempo. en. 2019-07-08.
  16. Web site: Sudah 22 Ribu Unit Wuling Terjual di Indonesia. Sinyal Mulai Diminati Konsumen?. Tribunnews.com. id-ID. 2019-07-08.
  17. Web site: Wuling Almaz is Officially Introduced In Indonesia. 2019-02-28. Wuling Motors. en-US. 2019-07-08.
  18. Web site: 2 Tahun Bangun Pabrik, Wuling Mulai Ekspor 2.600 Almaz ke 3 Negara. 25 September 2019. Detik. 25 September 2019.
  19. Web site: Team . Wuling Tech . 2023-08-10 . Satu Tahun Wuling Air ev di Indonesia Berhasil Dominasi Pasar Kendaraan Listrik . 2024-01-23 . Wuling . id-ID.
  20. Web site: GridOto.com . Bukan Rp 80 Juta, Ternyata Ini Harga Resmi Wuling Air Ev Setelah Dapat Subsidi dari Pemerintah - GridOto.com . 2024-01-23 . www.gridoto.com . id.
  21. Web site: GridOto.com . Gak Nyangka, Baru Diperkenalkan Februari Kemarin, Sudah Segini Penjualan Wuling Alvez - GridOto.com . 2024-01-23 . otomotifnet.gridoto.com . id.
  22. Web site: Katana . Satria . 2020-03-02 . SAIC Motor Indonesia : APM Resmi Morris Garages di Tanah Air . 2024-01-23 . AutonetMagz :: Review Mobil dan Motor Baru Indonesia . en-US.
  23. Web site: Mediatama . Grahanusa . 2024-01-11 . Mobil Listrik MG 4 EV dan New MG ZS EV Resmi Mengaspal di Indonesia . 2024-01-23 . kontan.co.id . id.
  24. Web site: N . Andhika Adhitia . Pabrik MG Beroperasi, New MG ZS EV Diproduksi Di Indonesia pada Februari 2024 . 2024-01-23 . www.mgmotor.id . en.
  25. Web site: 2023-11-16 . Mobil listrik Wuling Binguo resmi diperkenalkan di Indonesia . 2024-01-23 . Antara News.
  26. Web site: Priyanto . Wawan . 2024-02-15 . Wuling Cloud EV Debut di IIMS 2024, Jarak Tempuh 505 Km . 2024-08-03 . Tempo . en.
  27. Web site: Marketeers . 2024-05-15 . Tampil Lebih Mewah, Harga Wuling Cloud EV Dibanderol Rp 398 Juta . 2024-08-03 . www.marketeers.com . id.

External links