On May 22, it was reported that XPeng Group completed the acquisition of a 90.1% stake in PT Era Industri Otomotif (EIDO), the core electric vehicle manufacturing entity of Indonesian listed company PT Sinar Eka Selaras Tbk (Erajaya Active Lifestyle, ERAL). This marks a new phase in XPeng Group’s expansion in the Southeast Asian market.
▲ XPeng Acquires Stake in Indonesian Car Factory
The transaction officially took effect on May 13, involving 154,072 shares. Following the transaction, XPeng Motors became the controlling shareholder of EIDO, holding 90.1% of the shares, while the original shareholder, Erajaya Active Lifestyle (ERAL), retained the remaining 9.9%.
ERAL’s company secretary, Badar Teguh Mancik Alam, stated that the change in ownership has no material impact on the company’s financial condition or daily operations.
The core asset in this equity transaction is EIDO’s manufacturing business, specifically its electric vehicle production and assembly plant located in Prakata, West Java, Indonesia.
▲XPeng Model Production Workshop
This plant is XPeng Motors’ first overseas production base, employing a CKD (Completely Knocked Down) assembly model. Since XPeng Group entered the Indonesian market in March 2025, this plant has been manufacturing for XPeng, with the first XPeng model to roll off the production line being the XPeng X9.
▲XPeng X9
Following this acquisition, XPeng’s distribution, retail, and after-sales service in Indonesia will still be operated by two other subsidiaries of ERAL—PT Era Inovasi Otomotif (EIVO) and PT Era Dealer Otomotif (EDOO).
In summary, through this acquisition, XPeng further strengthens its dominance in the Indonesian manufacturing market.
