{
    "success": true,
    "data": {
        "id": 1709573,
        "msgid": "cherys-strategy-to-achieve-60-percent-local-content-in-icar-products-1777511119",
        "date": "2026-04-30 07:22:00",
        "title": "Chery's Strategy to Achieve 60 Percent Local Content in iCar Products",
        "author": "Agung Kurniawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Regulation",
        "summary": "Chery is preparing strategies to meet the rising domestic content requirement (TKDN) for its new iCar sub-brand in Indonesia, targeting 60 percent next year from the current 40 percent. Supported by its established ecosystem, including sales networks and supplier relationships, the company is confident in complying with government policies without delay. This aligns with Presidential Regulation No. 79 of 2023, which mandates progressive increases in TKDN for electric vehicles to promote local manufacturing.",
        "content": "<p>WUHU, KOMPAS.com \u2013 Chery is preparing a strategy to meet the increase\nin domestic content levels (TKDN) for the iCar line as a new sub-brand\nin Indonesia. This step is being taken in line with the target TKDN for\nelectric vehicles, which will rise to 60 percent next year from the\nprevious 40 percent. President of Chery International, Zhang Guibing,\nstated that this readiness is supported by the Chery Group ecosystem\nthat has been established in Indonesia. He explained that this support\nincludes sales networks up to relationships with suppliers that have\nbeen built previously. With this foundation, Chery is optimistic about\nbeing able to meet various government regulations, including higher TKDN\ntargets. \u201cOur suppliers are already established and trust us. So\noverall, we are confident in being able to meet the various policies\nimplemented by the Indonesian government,\u201d he said. Nevertheless, Zhang\nemphasised that the company will not wait until the deadline to start\nadapting. \u201cOf course, we must move quickly, no need to wait until next\nyear (to chase the 60 percent TKDN),\u201d he stated. The iCar products are\nplanned to soon enter the assembly line in a completely knocked down\n(CKD) manner at partner manufacturing facilities with an initial target\nTKDN of at least 40 percent. This regulation refers to Presidential\nRegulation No.\u00a079 of 2023 on the acceleration of the battery-based\nelectric motor vehicle programme. In that regulation, the TKDN for\nelectric vehicles is set at a minimum of 40 percent for the 2022\u20132026\nperiod, increasing to 60 percent in 2027\u20132029, and targeted to reach 80\npercent starting from 2030.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/cherys-strategy-to-achieve-60-percent-local-content-in-icar-products-1777511119",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}