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He added that it has now become difficult to find large-sized land for new factories due to the influx of many businesses over the past years. In terms of market size, Indonesia is the biggest car market in Southeast Asia and ASEAN. Indonesia accounts for about one-third of total annual car sales in ASEAN, followed by Thailand on second position.
- At the same time, new pure-play electric car OEMs and startups have seen staggering increases in their valuation, far surpassing many legacy players in the industry.
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- Automakers are facing increased competition from disruptors and as a result, they’re redesigning organizations, shifting their strategies to digital-first, and competing for software engineering talent.
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