Major Announcement: XPeng Acquires Overseas Car Factory! Key Move in Global Expansion Layout

Author ｜ Guo Yue

Editor ｜ Zhi Hao

XPeng's global expansion layout takes another key step.

Che Dongxi reported on May 22: Documents from the Indonesia Stock Exchange revealed that XPeng Group completed the acquisition of 90.1% equity in PT Era Industri Otomotif (EIDO), the core EV manufacturing entity under Indonesia's listed company PT Sinar Eka Selaras Tbk (Erajaya Active Lifestyle, ERAL), marking a new stage in XPeng Group's Southeast Asian market layout.

▲ XPeng Acquires Indonesian Car Factory Equity

The transaction officially took effect on May 13, involving 154,072 shares. Upon completion, 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%.

To this, ERAL Company Secretary Badar Teguh Mancik Alam stated that the change in company ownership has no substantial impact on financial status and daily operations.

The core asset of this equity transaction is EIDO's manufacturing business, namely the manufacturing factory located in Prakata, West Java Province, Indonesia, focusing on electric vehicle production and assembly.

▲ XPeng Model Production Workshop

This factory is XPeng Motors' first overseas production base, adopting the Completely Knocked Down (CKD) mode. As early as March 2025, after XPeng Group entered the Indonesian market, this factory began contract manufacturing for XPeng. The first XPeng model to roll off the production line was the XPeng X9.

▲ XPeng X9

After this acquisition, XPeng's distribution, retail, and after-sales services in Indonesia continue to be operated by two other subsidiaries under ERAL — PT Era Inovasi Otomotif (EIVO) and PT Era Dealer Otomotif (EDOO).

Overall, through this acquisition, XPeng further strengthens its dominance in the manufacturing sector of the Indonesian market.