Magelang, 9 April 2026 – Indonesian President Prabowo Subianto inaugurated the first electric-based commercial vehicle assembly plant in Indonesia owned by PT VKTR Sakti Industries (VKTS), a subsidiary of PT VKTR Teknologi Mobilitas Tbk. (VKTR), located in Magelang, Central Java, Thursday (09/04/2026).

This inauguration marks a strategic step in the development of the national electric vehicle industry, especially in the commercial vehicle segment such as buses and trucks, which are considered to have an important role in driving the clean energy-based automotive industry ecosystem.

In his remarks, President Prabowo expressed his appreciation for the role of the national private sector, which is considered to be consistent in taking part in domestic industrial development. The Head of the State specifically highlighted the contribution of the President Commissioner of VKTR, Anindya Novyan Bakrie, and his business group.

"I very much welcome and appreciate this endeavor, an initiative that has been taken for many years by Mr. Anindya Bakrie and his family, all his business groups," said President Prabowo.

The President also expressed his hope that VKTR would be able to grow into becoming one of Indonesia's "national champions" in the automotive sector, on par with global companies.

"Japan has Isuzu, has Hino, Korea has Hyundai, Daewoo, I hope in a few years we would see VKTR as one of the champions from Indonesia," he said.

Meanwhile, President Commissioner of PT VKTR Teknologi Mobilitas Tbk. Anindya Novyan Bakrie explained that since its inception, VKTR or commonly called Vector, has been built on two main ideas, namely decarbonization and economic independence.

Anin, as he is familiarly called, emphasized that efforts towards the 2060 Net Zero Emission target and strengthening energy security by reducing fuel oil imports, are strategic imperatives for Indonesia.

"Mr President always teaches us that the history of development is often a crisis that is actually an opportunity to make a big leap," said Anin.

Furthermore, Anin pointed out that industrial development often finds momentum in crisis situations. Therefore, VKTR is here to continue the long journey of the national automotive industry that has been pioneered since the era of Achmad Bakrie through Bakrie Autoparts in 1975, and continued by Aburizal Bakrie through Bakrie Motor in 1997, even though it was stopped due to the economic crisis.

"This time VKTR continues the journey, from components to whole vehicles, and from the past with gasoline, to electricity," said Anin.

Anin explained, VKTR chose to focus on the development of electric buses and trucks because it is considered to be able to be the main lever for the growth of the national electric vehicle ecosystem.

In addition, the electrification of commercial vehicles also has the potential to save fuel subsidies up to 5 billion US Dollars per year.

"We want to report that we chose electric buses and trucks because electric buses and trucks can boost the growth of the electric industry ecosystem. It's not as sexy as motorcycles, which are 140 millions, or cars, but this can drive a large ecosystem," said Anin.

From the industry side, Anin continued, VKTR is also committed to increasing the level of its domestic components (TKDN), which has currently reached 40 percents and is targeted to increase to 60 percents this year and 80 percents in 2028.

"We see, we also believe that we can increase TKDN independently," said Anin.

Furthermore, Anin added that the experience of other countries, such as Japan, shows that the development of the automotive industry often starts from commercial vehicles before switching to passenger vehicles.

"From the history of other countries, in Japan, they advanced first with buses and trucks before venturing into cars," said Anin.

In addition, Anin revealed that VKTR also supports the development of green mobility ecosystem as a whole, including the provision of charging infrastructure (charging stations) and contributions to the waste-to-energy program through the development of closed dump truck compactors planned to be used in the capital city of Nusantara (IKN) and Jakarta.

"We see that in the future, everyone can together support the government's program to reach 100 gigawatts," explained Anin.

In terms of technology, VKTR also aims at becoming an innovation-based company with the ownership of 14 copyrights developed with a number of universities in Indonesia, including gasoline-fueled vehicle retrofit technology to electric vehicles.

"Hopefully, we can get support in term of government regulations that encourage the level of domestic components and provide opportunities to collaborate with both private and state-owned enterprises," concluded Anin.

The VKTS facility, which is located on Magelang industrial estate, is the first electric bus and electric truck assembly plant in Indonesia that is equipped with comprehensive and complete testing facilities with international standards, including road tests, climb tests, rain tests, and flood tests. This factory is the result of a tangible manifestation Rp 5 trillion worth of investment from the Bakrie Group through PT VKTR Teknologi Mobilitas, Tbk, on national green industry.

In term of business development, VKTR has established partnerships with a number of national bodybuilders, such as Tri Sakti, Laksana, Adiputro, Tentrem, and Mekar Armada Jaya, as well as strategic customers, including PT Transjakarta, which has a vision to electrify 10,000 units of its buses, as well as PT Blue Bird, Tbk. The Nusantara Capital City Authority (OIKN) has also entrusted VKTR to electrify 14 units of its compactor and arm-roll trucks for waste management. Electric vehicle trials are also ongoing with PT Semen Indonesia Logistik and Perhutani.

In the field of innovation, VKTR's collaboration with the Surabaya State Electronics Polytechnic (PENS) has resulted in 14 joint copyrights covering various aspects of electric mobility, ranging from motorcycle retrofit solutions to intelligent fleet management systems. Collaboration with Universitas Sebelas Maret (UNS) gave birth to 2 joint copyrights on the formulation of nickel-based battery materials that support nickel downstream in Indonesia.

Also attending the factory’s inauguration were the Minister of Energy and Mineral Resources of the Republic of Indonesia Bahlil Lahadalia, Minister of State Secretary of the Republic of Indonesia Prasetyo Hadi, and local regional leaders.

About PT VKTR Teknologi Mobilitas Tbk

PT VKTR Teknologi Mobilitas Tbk. (VKTR – pronounced “Vektor”) is a pioneer in the electrification of the commercial vehicle segment in Indonesia. VKTR officially listed its shares on the Indonesia Stock Exchange on June 19, 2023, becoming the first commercial EV issuer in the country. VKTR is committed to accelerating sustainable mobility through manufacturing innovation and strategic partnerships with the world’s leading electric vehicle manufacturers.

For more information, please contact: 
VKTR Investor Relations (ir@vktr.id)

For media inquiries, please contact: 
VKTR Corporate Communications (media.relations@vktr.id)